Cranswick (LON:CWK) Stock Price Down 7.6% – Time to Sell?

Cranswick plc (LON:CWK)’s share price fell 7.6% during trading on Monday . The stock traded as low as GBX 4,902.50 ($65.14) and last traded at GBX 4,950 ($65.77). 340,146 shares were traded during mid-day trading, an increase of 145% from the average session volume of 138,641 shares. The stock had previously closed at GBX 5,360 ($71.22).

Wall Street Analysts Forecast Growth

CWK has been the topic of several recent analyst reports. Berenberg Bank reissued a “hold” rating and set a GBX 5,370 ($71.35) price target on shares of Cranswick in a research report on Monday, March 31st. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research note on Thursday, March 20th.

Cranswick Trading Down 8.6%

The business’s 50-day simple moving average is GBX 4,994.34 and its 200-day simple moving average is GBX 4,969.12. The company has a market cap of £2.64 billion, a PE ratio of 23.32, a P/E/G ratio of 2.62 and a beta of 0.44. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98.

Insider Buying and Selling

In other Cranswick news, insider Jim Brisby sold 7,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of GBX 5,011 ($66.58), for a total value of £350,770 ($466,077.60). 4.54% of the stock is owned by corporate insiders.

Cranswick Company Profile

Cranswick is a leading and innovative British supplier of premium, fresh and added value food products, with revenues in excess of £2.0 billion. We produce and supply premium food to UK grocery retailers, the food service sector and other global food producers.

Our core market is the United Kingdom where we provide a range of high quality, predominantly fresh food including Fresh Pork, Poultry, Convenience and Gourmet Products and more recently have further expanded our portfolio by adding high quality pet food.