Cranswick (LON:CWK) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Cranswick (LON:CWKGet Rating) in a report issued on Wednesday morning, MarketBeat reports. They currently have a GBX 4,000 ($47.30) price objective on the stock.

Separately, Shore Capital reaffirmed a house stock rating on shares of Cranswick in a report on Tuesday.

Cranswick Price Performance

LON CWK opened at GBX 3,174 ($37.53) on Wednesday. The firm’s fifty day simple moving average is GBX 2,881.37 and its two-hundred day simple moving average is GBX 3,032.28. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 13.81. Cranswick has a 12-month low of GBX 2,548 ($30.13) and a 12-month high of GBX 3,888 ($45.97). The firm has a market capitalization of £1.70 billion and a P/E ratio of 1,619.49.

Cranswick Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 27th. Stockholders of record on Thursday, December 15th will be issued a dividend of GBX 20.60 ($0.24) per share. This represents a dividend yield of 0.67%. The ex-dividend date is Thursday, December 15th. Cranswick’s dividend payout ratio (DPR) is presently 36.56%.

Insider Activity

In related news, insider Mark Bottomley acquired 639 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average cost of GBX 3,127 ($36.98) per share, with a total value of £19,981.53 ($23,627.21).

About Cranswick

(Get Rating)

Cranswick plc manufactures and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. The company offers fresh pork, gourmet bacon and gammon, fresh and coated chicken, ready to eat chicken, charcuterie, houmous and dips, and olives and antipasti, gourmet sausages, cooked meats, gourmet pastries, and ingredients, as well as cheeses and pasta.

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