Cranswick (LON:CWK) Reaches New 1-Year High – Here’s What Happened

Cranswick plc (LON:CWK) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 5,620 and last traded at GBX 5,599.99, with a volume of 721451 shares trading hands. The stock had previously closed at GBX 5,228.79.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CWK shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,100 price target on shares of Cranswick in a report on Wednesday. Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a report on Tuesday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 62 price target on shares of Cranswick in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 4,358.

Cranswick Stock Performance

The stock has a market capitalization of £2.95 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.62 and a beta of 0.56. The stock’s 50 day moving average is GBX 5,272.15 and its 200 day moving average is GBX 5,163.48. 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 issued its quarterly earnings data on Tuesday, May 19th. The company reported GBX 301.70 EPS for the quarter. The firm had revenue of GBX 298.25 billion for the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. On average, analysts predict that Cranswick plc will post 258.5590189 earnings per share for the current year.

Insider Transactions at Cranswick

In related news, insider Mark Bottomley sold 110 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of GBX 5,096, for a total value of £5,605.60. Also, insider Adam Couch sold 347 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 507, for a total transaction of £1,759.29. Over the last three months, insiders purchased 8 shares of company stock worth $42,490 and sold 707 shares worth $2,010,739. 2.54% of the stock is currently owned by corporate insiders.

About Cranswick

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.