Cranswick plc (LON:CWK – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 4,330 ($54.40) and last traded at GBX 4,330 ($54.40), with a volume of 56540 shares. The stock had previously closed at GBX 4,300 ($54.02).
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research report on Tuesday, April 2nd. Berenberg Bank raised their price target on shares of Cranswick from GBX 4,694 ($58.97) to GBX 4,921 ($61.82) and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, Redburn Partners started coverage on Cranswick in a research report on Wednesday, March 20th. They issued a “buy” rating and a GBX 4,900 ($61.56) price objective on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,405.25 ($55.34).
Get Our Latest Research Report on Cranswick
Cranswick Trading Up 0.4 %
Insider Buying and Selling
In related news, insider Mark Bottomley sold 400 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of GBX 4,184 ($52.56), for a total value of £16,736 ($21,025.13). In other Cranswick news, insider Christopher Aldersley sold 1,330 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of GBX 4,090 ($51.38), for a total transaction of £54,397 ($68,337.94). Also, insider Mark Bottomley sold 400 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of GBX 4,184 ($52.56), for a total transaction of £16,736 ($21,025.13). 4.49% of the stock is currently owned by corporate insiders.
About Cranswick
Cranswick plc manufactures and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. The company offers fresh pork, gourmet bacon and gammon, fresh and coated chicken, ready to eat chicken, charcuterie, houmous and dips, and olives and antipasti, gourmet sausages, cooked meats, and gourmet pastries, as well as provides food services.
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