Numis Securities Ltd Reiterates Hold Rating for Cranswick plc (CWK)
Numis Securities Ltd reaffirmed their hold rating on shares of Cranswick plc (LON:CWK) in a report issued on Tuesday, July 25th. The brokerage currently has a GBX 2,870 ($37.37) target price on the stock.
CWK has been the topic of several other reports. Berenberg Bank reissued a buy rating and set a GBX 2,850 ($37.11) target price on shares of Cranswick plc in a report on Tuesday, April 25th. Liberum Capital reissued a buy rating and set a GBX 2,600 ($33.86) price target on shares of Cranswick plc in a research note on Monday, March 27th. Peel Hunt reiterated a hold rating and issued a GBX 2,600 ($33.86) target price on shares of Cranswick plc in a report on Monday, July 24th. Whitman Howard reiterated a hold rating and issued a GBX 2,460 ($32.04) target price on shares of Cranswick plc in a report on Friday, May 19th. Finally, Shore Capital reiterated a house stock rating on shares of Cranswick plc in a report on Tuesday, May 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 2,765.71 ($36.02).
Cranswick plc (LON:CWK) traded down 0.44% during midday trading on Tuesday, hitting GBX 2974.00. 25,654 shares of the stock traded hands. The firm’s market cap is GBX 1.51 billion. Cranswick plc has a 1-year low of GBX 2,092.35 and a 1-year high of GBX 3,092.00. The company has a 50-day moving average price of GBX 2,865.39 and a 200-day moving average price of GBX 2,666.35.
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The firm also recently disclosed a dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, June 29th will be given a GBX 31 ($0.40) dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a yield of 1.05%. This is a boost from Cranswick plc’s previous dividend of $13.10.
In other Cranswick plc news, insider Jim Brisby sold 12,925 shares of the business’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of GBX 2,832 ($36.88), for a total value of £366,036 ($476,671.44).
About Cranswick plc
Cranswick plc is a supplier of food products. The Company operates through Foods segment, which is engaged in the manufacture and supply of food products to the United Kingdom grocery retailers, the food service sector and other food producers. The Company provides a range of pork, gourmet sausages, cooked meats, cooked poultry, charcuterie, hand-cured and air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.
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