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

Cranswick plc (LON:CWK)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 5,630 and last traded at GBX 5,620, with a volume of 11451 shares traded. The stock had previously closed at GBX 5,540.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CWK shares. Shore Capital Group restated a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. 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. Royal Bank Of Canada upgraded shares of Cranswick to an “outperform” rating and upped their target price for the stock from GBX 5,500 to GBX 6,100 in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 6,100 target price on shares of Cranswick in a research report on Wednesday, May 20th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cranswick presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,706.40.

Cranswick Trading Up 1.4%

The company has a market cap of £3.01 billion, a PE ratio of 19.37, a P/E/G ratio of 2.62 and a beta of 0.56. The stock’s 50 day moving average is GBX 5,353.25 and its 200-day moving average is GBX 5,219.56. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.60.

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

Insider Activity at Cranswick

In other Cranswick news, insider Jim Brisby sold 16,500 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of GBX 5,533, for a total value of £912,945. Also, insider Adam Couch sold 347 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 507, for a total transaction of £1,759.29. Over the last quarter, insiders purchased 9 shares of company stock worth $48,219 and sold 26,207 shares worth $142,535,239. Company 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 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.