Cranswick (LON:CWK) Earns “House Stock” Rating from Shore Capital Group

Cranswick (LON:CWK)‘s stock had its “house stock” rating reaffirmed by equities researchers at Shore Capital Group in a research note issued on Monday,London Stock Exchange reports.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada raised Cranswick to an “outperform” rating and increased their price objective for the company from GBX 5,500 to GBX 6,100 in a research report on Wednesday, May 27th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,770 target price on shares of Cranswick in a research report on Tuesday, May 26th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 62 target price on shares of Cranswick in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 6,100 price target on shares of Cranswick in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 4,706.40.

Cranswick Price Performance

Shares of LON:CWK opened at GBX 5,380 on Monday. The business has a 50 day moving average price of GBX 5,517.59 and a 200 day moving average price of GBX 5,340.05. Cranswick has a twelve month low of GBX 4,805 and a twelve month high of GBX 5,810. The company has a market cap of £2.88 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.62 and a beta of 0.56. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.26.

Cranswick (LON:CWK) last released its earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share (EPS) for the quarter. The firm had revenue of GBX 298.25 billion for the quarter. Cranswick had a return on equity of 14.99% and a net margin of 5.31%. Research analysts predict that Cranswick will post 258.5590189 earnings per share for the current year.

Insiders Place Their Bets

In other Cranswick news, insider Jim Brisby sold 16,500 shares of Cranswick stock in a transaction on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total transaction of £912,945. Also, insider Christopher Aldersley sold 9,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 5,470, for a total transaction of £492,300. Over the last three months, insiders have acquired 8 shares of company stock valued at $43,689. Company insiders own 2.49% of the company’s stock.

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.