Cranswick plc (LON:CWK) Stock Rated “Buy” by Wall Street Brokerages

Shares of Cranswick plc (LON:CWK) have received a consensus recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 6,036.

A number of equities research analysts recently weighed in on CWK shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,300 price target on shares of Cranswick in a report on Tuesday, July 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,200 price objective on shares of Cranswick in a research note on Monday, July 27th. Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a report on Friday, August 14th. Finally, Berenberg Bank upgraded Cranswick to a “buy” rating and increased their price objective for the stock from GBX 5,770 to GBX 6,080 in a report on Tuesday, September 22nd.

Cranswick Price Performance

Shares of LON:CWK opened at GBX 5,000 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.26. The company has a market cap of £2.68 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.62 and a beta of 0.55. The business has a 50 day moving average price of GBX 5,224.22 and a 200 day moving average price of GBX 5,339.68. Cranswick has a twelve month low of GBX 4,805 and a twelve month high of GBX 5,810.

Insider Activity at Cranswick

In other news, insider Mark Bottomley sold 361 shares of the business’s stock in a transaction dated 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 purchased 3 shares of Cranswick stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average price of £5,350 per share, with a total value of £16,050. In the last three months, insiders bought 366 shares of company stock valued at $3,616,327. 2.55% of the stock is currently owned by insiders.

About Cranswick

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.