Cranswick plc (LON:CWK) Receives GBX 5,974 Average Target Price from Analysts

Cranswick plc (LON:CWK) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 5,974.

A number of research firms recently weighed in on CWK. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 6,300 price objective on shares of Cranswick in a research report on Tuesday, July 28th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,200 price objective on shares of Cranswick in a research note on Monday, July 27th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,770 price objective on shares of Cranswick in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and upped their target price for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th.

Insider Activity

In other news, insider Mark Bottomley sold 361 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Also, insider Christopher Aldersley acquired 3 shares of the business’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of £5,350 per share, with a total value of £16,050. Insiders have purchased a total of 366 shares of company stock valued at $3,617,290 over the last three months. 2.55% of the stock is currently owned by insiders.

Cranswick Price Performance

Shares of Cranswick stock opened at GBX 5,080 on Friday. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.76 and a quick ratio of 1.02. The company has a market cap of £2.72 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The firm has a fifty day moving average price of GBX 5,367.23 and a two-hundred day moving average price of GBX 5,366.51. Cranswick has a fifty-two week low of GBX 4,805 and a fifty-two week high of GBX 5,810.

Cranswick Company Profile

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of c. £3.0 billion. The business employs over 16,000 people and operates from 23 well-invested, highly efficient facilities in the UK. Cranswick was formed in the early 1970s by farmers in East Yorkshire to produce animal feed and has since evolved into a business which produces a range of high-quality, predominantly fresh food, including fresh pork, poultry, convenience, gourmet products and pet food.