Cranswick (LON:CWK) had its price target increased by analysts at Berenberg Bank from GBX 3,450 ($48.45) to GBX 3,525 ($49.50) in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 16.11% from the company’s previous close.

Several other brokerages have also issued reports on CWK. Numis Securities reaffirmed an “add” rating and issued a GBX 3,350 ($47.04) target price on shares of Cranswick in a research note on Thursday, January 18th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 2,990 ($41.99) target price on shares of Cranswick in a research note on Monday, October 9th. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research note on Tuesday, November 28th. Finally, Peel Hunt upped their target price on Cranswick from GBX 2,800 ($39.32) to GBX 3,000 ($42.13) and gave the stock a “hold” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 3,195 ($44.87).

Shares of Cranswick (LON:CWK) traded down GBX 56 ($0.79) on Friday, hitting GBX 3,036 ($42.63). The stock had a trading volume of 41,174 shares, compared to its average volume of 51,167. Cranswick has a 12-month low of GBX 2,273 ($31.92) and a 12-month high of GBX 3,497.81 ($49.12). The company has a market capitalization of $1,560.00 and a PE ratio of 2,317.56.

Cranswick (LON:CWK) last issued its quarterly earnings data on Tuesday, November 28th. The company reported GBX 70 ($0.98) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 67.20 ($0.94) by GBX 2.80 ($0.04). Cranswick had a return on equity of 16.34% and a net margin of 4.98%. The company had revenue of £714.60 million during the quarter.

In related news, insider Mark Bottomley acquired 618 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was purchased at an average price of GBX 3,213 ($45.12) per share, with a total value of £19,856.34 ($27,884.20).

WARNING: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/02/05/cranswick-cwk-price-target-raised-to-gbx-3525.html.

About Cranswick

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.

Analyst Recommendations for Cranswick (LON:CWK)

Receive News & Ratings for Cranswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cranswick and related companies with MarketBeat.com's FREE daily email newsletter.