Cranswick (LON:CWK) Shares Pass Above 200-Day Moving Average of $3,866.10

Cranswick plc (LON:CWK) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,866.10 ($48.13) and traded as high as GBX 4,125 ($51.35). Cranswick shares last traded at GBX 4,090 ($50.91), with a volume of 234,548 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Berenberg Bank upped their price objective on shares of Cranswick from GBX 4,694 ($58.43) to GBX 4,921 ($61.26) and gave the company a “buy” rating in a research report on Wednesday, January 31st. Redburn Partners started coverage on Cranswick in a research note on Wednesday, March 20th. They set a “buy” rating and a GBX 4,900 ($61.00) price target on the stock. Finally, Shore Capital reiterated a “house stock” rating on shares of Cranswick in a research report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cranswick currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,405.25 ($54.84).

Cranswick Price Performance

The company has a market capitalization of £2.20 billion, a price-to-earnings ratio of 1,740.43, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The company has a 50-day moving average price of GBX 4,041.69 and a 200-day moving average price of GBX 3,866.10. The company has a debt-to-equity ratio of 19.32, a quick ratio of 1.02 and a current ratio of 1.81.

Insider Buying and Selling at Cranswick

In other news, insider Mark Bottomley sold 400 shares of Cranswick stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of GBX 4,184 ($52.09), for a total value of £16,736 ($20,834.06). In other Cranswick news, insider Christopher Aldersley sold 1,330 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of GBX 4,090 ($50.91), for a total value of £54,397 ($67,716.92). Also, insider Mark Bottomley sold 400 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of GBX 4,184 ($52.09), for a total value of £16,736 ($20,834.06). Company insiders own 4.89% of the company’s stock.

About Cranswick

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, and gourmet pastries, as well as provides food services.