Cranswick (LON:CWK) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Cranswick plc (LON:CWK) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 5,309.26 and traded as low as GBX 5,270. Cranswick shares last traded at GBX 5,270, with a volume of 323,411 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CWK shares. Berenberg Bank raised shares of Cranswick to a “buy” rating and raised their target price for the stock from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,300 price target on shares of Cranswick in a research note on Tuesday, July 28th. Peel Hunt raised shares of Cranswick to a “buy” rating and set a GBX 6,600 price target on the stock in a research note on Monday, October 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,200 price target on shares of Cranswick in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Cranswick currently has a consensus rating of “Buy” and an average price target of GBX 6,256.

Cranswick Trading Down 0.4%

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 business’s 50 day moving average is GBX 5,169.71 and its 200-day moving average is GBX 5,309.26. The firm has a market cap of £2.95 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 2.62 and a beta of 0.54.

Insiders Place Their Bets

In related news, insider Christopher Aldersley bought 3 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was bought at an average price of £5,350 per share, with a total value of £16,050. Over the last ninety days, insiders have acquired 9 shares of company stock worth $1,635,927. 2.55% of the stock is owned by company 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.