Cranswick (LON:CWK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Cranswick plc (LON:CWK) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 5,092.78 and traded as high as GBX 5,310. Cranswick shares last traded at GBX 5,225, with a volume of 255,796 shares.

Analysts Set New Price Targets

Several analysts have commented on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Cranswick in a research note on Monday, February 2nd. Berenberg Bank reiterated a “hold” rating and issued a GBX 5,770 target price on shares of Cranswick in a research note on Tuesday, January 27th. Three research 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, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 5,790.

Cranswick Stock Performance

The company has a market cap of £2.80 billion, a PE ratio of 19.31, a P/E/G ratio of 2.62 and a beta of 0.59. The company has a debt-to-equity ratio of 40.43, a quick ratio of 1.02 and a current ratio of 1.78. The stock’s 50-day simple moving average is GBX 5,273.24 and its 200 day simple moving average is GBX 5,092.78.

Insider Activity

In related news, insider Adam Couch sold 347 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 507, for a total transaction of £1,759.29. Also, insider Mark Bottomley sold 250 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of GBX 5,097, for a total transaction of £12,742.50. Over the last three months, insiders have purchased 8 shares of company stock valued at $41,470 and have sold 707 shares valued at $2,010,739. Corporate insiders own 2.54% of the company’s stock.

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.