Berenberg Bank Begins Coverage on Craneware (LON:CRW)

Analysts at Berenberg Bank assumed coverage on shares of Craneware (LON:CRWGet Free Report) in a research report issued on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a GBX 2,800 ($37.60) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 12.90% from the stock’s previous close.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Craneware in a research report on Thursday, May 8th.

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Craneware Stock Performance

Shares of CRW opened at GBX 2,480 ($33.30) on Wednesday. Craneware has a twelve month low of GBX 1,330 ($17.86) and a twelve month high of GBX 2,580 ($34.64). The company has a market cap of £1.07 billion, a P/E ratio of 91.63 and a beta of 0.28. The company has a current ratio of 0.63, a quick ratio of 1.00 and a debt-to-equity ratio of 12.22. The company’s fifty day simple moving average is GBX 2,114.42 and its 200-day simple moving average is GBX 1,941.58.

Insider Activity at Craneware

In other news, insider Will Whitehorn acquired 1,911 shares of Craneware stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of GBX 1,584 ($21.27) per share, for a total transaction of £30,270.24 ($40,647.56). Insiders own 19.28% of the company’s stock.

About Craneware

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The Craneware Group, the market leader in automated value cycle solutions, including 340B management, collaborates with U.S. healthcare providers to plan, execute, and monitor operational and financial performance so they can continue to deliver quality care to their communities. Customers choose The Craneware Group’s Trisus data and applications platform as their key to navigating the journey to financially sustainable value-based care.

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