Cranswick (LON:CWK) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Cranswick plc (LON:CWK) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 5,454.92 and traded as high as GBX 5,650. Cranswick shares last traded at GBX 5,575.37, with a volume of 198,888 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CWK shares. Shore Capital Group restated a “house stock” rating on shares of Cranswick in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 6,100 price target on shares of Cranswick in a report on Wednesday, May 20th. Berenberg Bank reissued a “hold” rating and issued a GBX 5,770 price objective on shares of Cranswick in a research report on Tuesday, May 26th. Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and raised their price objective for the stock from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 62 target price on shares of Cranswick in a research report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Cranswick has an average rating of “Moderate Buy” and a consensus target price of GBX 4,706.40.

Cranswick Stock Up 0.6%

The company’s 50 day moving average is GBX 5,462.33 and its 200 day moving average is GBX 5,298.31. The company has a market cap of £2.96 billion, a PE ratio of 19.09, a P/E/G ratio of 2.62 and a beta of 0.56. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.60.

Cranswick (LON:CWK) last released its quarterly earnings data on Tuesday, May 19th. The company reported GBX 301.70 earnings per share (EPS) for the quarter. The company had revenue of GBX 298.25 billion during the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. As a group, analysts predict that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher Aldersley sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of GBX 5,470, for a total value of £492,300. Also, insider Jim Brisby sold 16,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. Insiders purchased 9 shares of company stock valued at $49,059 in the last quarter. 2.49% of the stock is owned by company insiders.

Cranswick Company Profile

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of more than £2.7 billion. The business employs over 15,400 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.