Numis Securities Downgrades Cranswick (CWK) to Add

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Numis Securities cut shares of Cranswick (LON:CWK) to an add rating in a research note released on Friday, Digital Look reports. The firm currently has GBX 3,200 ($41.81) price target on the stock.

Several other analysts have also weighed in on the company. Liberum Capital restated a buy rating on shares of Cranswick in a report on Friday, April 12th. HSBC started coverage on Cranswick in a report on Friday, January 25th. They set a hold rating and a GBX 2,810 ($36.72) price target on the stock. Peel Hunt restated a hold rating and set a GBX 2,600 ($33.97) price target (down previously from GBX 2,800 ($36.59)) on shares of Cranswick in a report on Wednesday, February 6th. Finally, Berenberg Bank decreased their price target on Cranswick from GBX 3,550 ($46.39) to GBX 3,050 ($39.85) and set a buy rating on the stock in a report on Wednesday, February 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 2,926 ($38.23).

LON:CWK opened at GBX 2,724 ($35.59) on Friday. Cranswick has a fifty-two week low of GBX 2,340 ($30.58) and a fifty-two week high of GBX 3,502 ($45.76). The firm has a market cap of $1.41 billion and a P/E ratio of 20.42.

The business also recently declared a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, July 18th will be issued a dividend of GBX 40 ($0.52) per share. This represents a yield of 1.38%. The ex-dividend date is Thursday, July 18th. This is a positive change from Cranswick’s previous dividend of $15.90. Cranswick’s dividend payout ratio is presently 0.41%.

In other Cranswick news, insider Martin T. P. Davey sold 485 shares of the company’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of GBX 2,683 ($35.06), for a total value of £13,012.55 ($17,003.20). Also, insider Martin T. P. Davey sold 618 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 2,514 ($32.85), for a total value of £15,536.52 ($20,301.22).

About Cranswick

Cranswick plc produces and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. It offers fresh pork, gourmet bacon and gammon, fresh chicken, and prepared chicken and poultry products, as well as gourmet sausages, cooked meats, continental foods, handmade pastries, and British charcuteries.

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Analyst Recommendations for Cranswick (LON:CWK)

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