Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Cranswick (LON:CWK)

Cranswick (LON:CWK)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They currently have a GBX 6,100 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 11.72% from the stock’s current price.

Several other research analysts have also recently issued reports on CWK. Jefferies Financial Group reaffirmed a “buy” rating on shares of Cranswick in a research report on Monday, February 2nd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,770 price objective on shares of Cranswick in a report on Tuesday, January 27th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Cranswick currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,358.

Cranswick Price Performance

Shares of LON CWK opened at GBX 5,460 on Wednesday. Cranswick has a fifty-two week low of GBX 4,805 and a fifty-two week high of GBX 5,620. The stock has a market cap of £2.92 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 2.62 and a beta of 0.56. The company has a debt-to-equity ratio of 40.43, a quick ratio of 1.02 and a current ratio of 1.78. The firm’s 50-day simple moving average is GBX 5,267.55 and its 200 day simple moving average is GBX 5,159.89.

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 during the quarter. Cranswick had a return on equity of 14.71% and a net margin of 5.17%. As a group, research analysts anticipate that Cranswick will post 258.5590189 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, 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. Also, 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 transaction of £5,605.60. Over the last quarter, insiders have purchased 8 shares of company stock worth $42,490 and have sold 707 shares worth $2,010,739. Company insiders own 2.54% 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 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.