Cranswick (LON:CWK) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of Cranswick plc (LON:CWK) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,085.81 and traded as high as GBX 5,320. Cranswick shares last traded at GBX 5,240, with a volume of 3,806,815 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CWK. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a research report on Tuesday, November 25th. Jefferies Financial Group reiterated a “buy” rating on shares of Cranswick in a research report on Monday, February 2nd. Berenberg Bank reissued a “hold” rating and issued a GBX 5,770 target price on shares of Cranswick in a research note on Tuesday, January 27th. Peel Hunt reaffirmed a “buy” rating and set a GBX 5,500 price target on shares of Cranswick in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Cranswick from GBX 6,000 to GBX 6,100 and gave the company a “buy” rating in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 5,790.

Cranswick Price Performance

The stock’s 50 day moving average price is GBX 5,167.47 and its 200-day moving average price is GBX 5,085.81. The company has a quick ratio of 1.02, a current ratio of 1.78 and a debt-to-equity ratio of 40.43. The stock has a market capitalization of £2.81 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.62 and a beta of 0.60.

About Cranswick

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.