Cranswick plc (LON:CWK – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,267.75 ($54.49) and traded as high as GBX 4,630 ($59.12). Cranswick shares last traded at GBX 4,615 ($58.92), with a volume of 50,679 shares traded.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 50 ($0.64) price objective on shares of Cranswick in a research note on Monday, July 29th. Berenberg Bank raised their price objective on shares of Cranswick from GBX 4,921 ($62.83) to GBX 5,312 ($67.82) and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Shore Capital reissued a “house stock” rating on shares of Cranswick in a research note on Monday, July 29th.
Cranswick Stock Up 0.2 %
Cranswick Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, July 18th will be paid a dividend of GBX 67.30 ($0.86) per share. This represents a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, July 18th. This is an increase from Cranswick’s previous dividend of $22.70. Cranswick’s payout ratio is currently 4,285.71%.
Insider Activity
In related news, insider Mark Bottomley sold 8,197 shares of Cranswick stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of GBX 4,519 ($57.70), for a total transaction of £370,422.43 ($472,960.20). In related news, insider Mark Bottomley sold 8,197 shares of Cranswick stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of GBX 4,519 ($57.70), for a total transaction of £370,422.43 ($472,960.20). Also, insider Adam Couch sold 25,000 shares of Cranswick stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of GBX 4,757 ($60.74), for a total transaction of £1,189,250 ($1,518,449.95). Over the last quarter, insiders sold 33,198 shares of company stock valued at $155,971,803. Corporate insiders own 4.28% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Cranswick
- How to Evaluate a Stock Before Buying
- Buy On Holdings Stock Before the Market Catches Its Second Wind?
- There Are Different Types of Stock To Invest In
- 3 High-Potential Stocks That Could Turn Into Multi-Baggers
- Energy and Oil Stocks Explained
- CEO Swap: Starbucks Surges 22% on Hiring New CEO From Chipotle
Receive News & Ratings for Cranswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cranswick and related companies with MarketBeat.com's FREE daily email newsletter.