Cranswick (LON:CWK) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Cranswick plc (LON:CWK)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,096.56 and traded as low as GBX 4,825. Cranswick shares last traded at GBX 4,859.33, with a volume of 120,878 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on CWK. Peel Hunt restated a “buy” rating and issued a GBX 5,500 price target on shares of Cranswick in a report on Tuesday, November 25th. Shore Capital restated a “house stock” rating on shares of Cranswick in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cranswick from GBX 6,000 to GBX 6,100 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Finally, Berenberg Bank boosted their price target on Cranswick from GBX 5,540 to GBX 5,770 and gave the company a “hold” rating in a report on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,790.

Cranswick Stock Up 0.1%

The business has a fifty day moving average of GBX 4,986.44 and a 200 day moving average of GBX 5,096.56. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98. The company has a market capitalization of £2.60 billion, a PE ratio of 17.98, a PEG ratio of 2.62 and a beta of 0.44.

Cranswick (LON:CWK) last posted its quarterly earnings results on Tuesday, November 25th. The company reported GBX 144.40 EPS for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.64%. Equities research 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.