Cranswick plc (LON:CWK) Receives Consensus Rating of “Moderate Buy” from Analysts

Cranswick plc (LON:CWK) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 4,706.40.

A number of analysts have recently issued reports on CWK shares. Royal Bank Of Canada upgraded shares of Cranswick to an “outperform” rating and lifted their price objective for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a report on Tuesday, May 19th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,770 price target on shares of Cranswick in a research note on Tuesday, May 26th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 62 price objective on shares of Cranswick in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 6,100 price objective on shares of Cranswick in a research report on Wednesday, May 20th.

Cranswick Stock Performance

LON:CWK opened at GBX 5,460 on Thursday. Cranswick has a twelve month low of GBX 4,805 and a twelve month high of GBX 5,810. The firm’s fifty day simple moving average is GBX 5,507.79 and its 200 day simple moving average is GBX 5,332.30. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. The firm has a market capitalization of £2.92 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.62 and a beta of 0.56.

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

Insider Transactions at Cranswick

In related news, insider Jim Brisby sold 16,500 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. Also, insider Christopher Aldersley sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 5,470, for a total value of £492,300. Corporate insiders own 2.49% of the company’s stock.

About Cranswick

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of c. £3.0 billion. The business employs over 16,000 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.