Cranswick (LON:CWK) Stock Rating Upgraded by Berenberg Bank

Cranswick (LON:CWK) was upgraded by investment analysts at Berenberg Bank to a “buy” rating in a research note issued on Tuesday, Digital Look reports. The brokerage currently has a GBX 6,080 price objective on the stock, up from their prior price objective of GBX 5,770. Berenberg Bank’s price target indicates a potential upside of 21.36% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Royal Bank Of Canada upgraded Cranswick to an “outperform” rating and lifted their target price for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 6,300 price target on shares of Cranswick in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,200 price target on shares of Cranswick in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 6,036.

Cranswick Stock Performance

Shares of CWK stock opened at GBX 5,010 on Tuesday. The stock has a market capitalization of £2.68 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. Cranswick has a 52-week low of GBX 4,805 and a 52-week high of GBX 5,810. The stock’s 50-day moving average price is GBX 5,284.22 and its 200 day moving average price is GBX 5,349.93. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.26.

Insider Buying and Selling

In other Cranswick news, insider Christopher Aldersley acquired 3 shares of the stock in a transaction on Friday, August 21st. The shares were bought at an average price of £5,350 per share, with a total value of £16,050. Also, insider Mark Bottomley sold 361 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total value of £20,017.45. Insiders acquired a total of 366 shares of company stock worth $3,616,327 in the last ninety days. 2.55% of the stock is owned by corporate insiders.

Key Stories Impacting Cranswick

Here are the key news stories impacting Cranswick this week:

• Positive Sentiment: Berenberg upgraded Cranswick to “Buy” and raised its price target to 6,080p from 5,770p, implying increased confidence in the company’s earnings outlook and potential upside. Berenberg upgrade article
• Positive Sentiment: Recent coverage characterized Cranswick’s latest half-year performance as showing steady growth, providing fundamental support for the bullish broker view. Cranswick half-year performance article
• Neutral Sentiment: Director Christopher Aldersley acquired three shares at an average of 5,129p through Cranswick’s “Buy As You Earn” incentive plan. While directionally positive, the approximately £154 transaction is too small to represent a significant change in insider conviction. Cranswick director share purchase article
• Negative Sentiment: Cranswick’s shares recently moved below their 200-day moving average, a technical warning that may encourage short-term selling and helps explain the stock’s weaker performance despite the upgrade. Cranswick moving average article

Cranswick Company Profile

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.