Cranswick’s (CWK) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Cranswick (LON:CWK) in a research report released on Tuesday morning,Digital Look reports. They currently have a GBX 5,770 price target on the stock.

A number of other research firms also recently commented on CWK. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 6,100 price objective on shares of Cranswick in a report on Wednesday, May 20th. Shore Capital Group restated a “house stock” rating on shares of Cranswick in a report on Monday. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,200 price target on shares of Cranswick in a report on Monday. Finally, Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and lifted their price target for the company from GBX 5,500 to GBX 6,100 in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Cranswick has a consensus rating of “Moderate Buy” and an average price target of GBX 5,974.

Cranswick Stock Performance

CWK stock opened at GBX 5,430 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 £2.91 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 2.62 and a beta of 0.56. The business has a fifty day simple moving average of GBX 5,515.02 and a 200-day simple moving average of GBX 5,354.24. Cranswick has a 52 week low of GBX 4,805 and a 52 week high of GBX 5,810.

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

Insider Activity

In other Cranswick news, insider Christopher Aldersley sold 9,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of GBX 5,470, for a total transaction of £492,300. Also, insider Jim Brisby sold 16,500 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. Insiders acquired 8 shares of company stock worth $43,689 over the last three months. 2.49% of the stock is currently owned by corporate insiders.

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.