Cranswick plc’s (CWK) Buy Rating Reiterated at Berenberg Bank
Berenberg Bank restated their buy rating on shares of Cranswick plc (LON:CWK) in a research report sent to investors on Friday morning. The brokerage currently has a GBX 3,225 ($43.48) price objective on the stock.
Other research analysts also recently issued research reports about the company. Liberum Capital reaffirmed a buy rating and set a GBX 2,600 ($35.05) price target on shares of Cranswick plc in a research note on Tuesday, May 23rd. Peel Hunt lifted their price target on Cranswick plc from GBX 2,400 ($32.36) to GBX 2,600 ($35.05) and gave the stock a hold rating in a research note on Tuesday, May 23rd. Whitman Howard reaffirmed a hold rating and set a GBX 2,460 ($33.17) price target on shares of Cranswick plc in a research note on Friday, May 19th. Finally, Numis Securities Ltd reiterated a hold rating and set a GBX 2,870 ($38.69) price objective on shares of Cranswick plc in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 2,765.71 ($37.29).
Cranswick plc (CWK) traded down 0.47% during midday trading on Friday, hitting GBX 2986.00. 27,904 shares of the stock were exchanged. The stock’s market cap is GBX 1.51 billion. Cranswick plc has a one year low of GBX 2,092.35 and a one year high of GBX 3,092.00. The firm has a 50-day moving average price of GBX 2,974.50 and a 200-day moving average price of GBX 2,790.02.
In related news, insider Jim Brisby sold 12,925 shares of Cranswick plc stock in a transaction dated Friday, July 7th. The stock was sold at an average price of GBX 2,832 ($38.18), for a total transaction of £366,036 ($493,509.51).
Cranswick plc Company Profile
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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