Cranswick (LON:CWK) Shares Cross Below 200-Day Moving Average – Should You Sell?

Cranswick plc (LON:CWK)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,110.17 and traded as low as GBX 4,955. Cranswick shares last traded at GBX 4,990, with a volume of 35,460 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 5,500 target price on shares of Cranswick in a research note on Tuesday, November 25th. Shore Capital reissued a “house stock” rating on shares of Cranswick in a report on Tuesday, November 25th. Berenberg Bank upped their price objective on Cranswick from GBX 5,540 to GBX 5,770 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Cranswick from GBX 6,000 to GBX 6,100 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Cranswick has an average rating of “Moderate Buy” and an average target price of GBX 5,790.

Cranswick Stock Performance

The company has a debt-to-equity ratio of 13.98, a quick ratio of 1.02 and a current ratio of 1.66. The company has a market cap of £2.67 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.62 and a beta of 0.44. The firm’s 50-day moving average price is GBX 5,007.86 and its 200 day moving average price is GBX 5,110.17.

Cranswick (LON:CWK) last posted its quarterly earnings results on Tuesday, November 25th. The company reported GBX 144.40 earnings per share (EPS) for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. On average, sell-side analysts anticipate that Cranswick plc will post 258.5590189 EPS for the current year.

Cranswick Company Profile

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of more than £2.7 billion. The business employs over 15,400 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.