Brokerages Set Cranswick plc (LON:CWK) Price Target at GBX 4,706.40

Cranswick plc (LON:CWK) has received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 4,706.40.

A number of research analysts recently issued reports on CWK shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,100 target price on shares of Cranswick in a research note on Wednesday, May 20th. Berenberg Bank restated a “hold” rating and set a GBX 5,770 price target on shares of Cranswick in a report on Tuesday, May 26th. Royal Bank Of Canada upgraded shares of Cranswick to an “outperform” rating and upped their price target for the company from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 62 price target on shares of Cranswick in a research report on Wednesday, May 20th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a research note on Tuesday, May 19th.

Cranswick Stock Performance

Cranswick stock opened at GBX 5,520 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. Cranswick has a 52 week low of GBX 4,805 and a 52 week high of GBX 5,810. The stock has a fifty day moving average price of GBX 5,487.59 and a 200 day moving average price of GBX 5,319.52. The firm has a market capitalization of £2.95 billion, a P/E ratio of 19.02, a PEG ratio of 2.62 and a beta of 0.56.

Cranswick (LON:CWK) last posted its quarterly earnings results on Tuesday, May 19th. The company reported GBX 301.70 EPS for the quarter. The business had revenue of GBX 298.25 billion for the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. Equities research analysts anticipate that Cranswick will post 258.5590189 earnings per share for the current year.

Insider Activity

In other news, insider Jim Brisby sold 16,500 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total transaction of £912,945. Also, insider Christopher Aldersley sold 9,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 5,470, for a total transaction of £492,300. Insiders have purchased 9 shares of company stock worth $49,059 over the last 90 days. Corporate insiders own 2.49% of the company’s stock.

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.