Cranswick (LON:CWK) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Cranswick plc (LON:CWK)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 5,086.61 and traded as high as GBX 5,220. Cranswick shares last traded at GBX 5,190, with a volume of 37,992 shares traded.

Analysts Set New Price Targets

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

Cranswick Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.02 and a debt-to-equity ratio of 40.43. The firm has a market cap of £2.78 billion, a PE ratio of 19.18, a P/E/G ratio of 2.62 and a beta of 0.59. The business has a fifty day moving average price of GBX 5,203.67 and a 200 day moving average price of GBX 5,086.61.

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.