Cranswick plc (LON:CWK) Stock Rated “Buy” by Sell-Side Analysts

Cranswick plc (LON:CWK) has earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 6,036.

CWK has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,300 price objective on shares of Cranswick in a research report on Tuesday, July 28th. Berenberg Bank upgraded shares of Cranswick to a “buy” rating and boosted their target price for the company from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,200 target price on shares of Cranswick in a research note on Monday, July 27th. Finally, Shore Capital Group restated a “house stock” rating on shares of Cranswick in a report on Friday, August 14th.

Cranswick Trading Up 0.2%

LON CWK opened at GBX 4,965 on Tuesday. The stock has a market capitalization of £2.66 billion, a P/E ratio of 17.11, a P/E/G ratio of 2.62 and a beta of 0.55. The business has a 50 day simple moving average of GBX 5,214.52 and a 200 day simple moving average of GBX 5,337.18. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.76 and a quick ratio of 1.02. Cranswick has a one year low of GBX 4,805 and a one year high of GBX 5,810.

Insider Transactions at Cranswick

In other Cranswick news, insider Mark Bottomley sold 361 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total value of £20,017.45. Also, insider Christopher Aldersley purchased 3 shares of the business’s stock in a transaction on Friday, August 21st. The stock was purchased at an average price of £5,350 per share, for a total transaction of £16,050. Insiders have bought a total of 366 shares of company stock worth $3,616,327 in the last three months. Insiders own 2.55% 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.