Cranswick (LON:CWK) Receives House Stock Rating from Shore Capital Group

Shore Capital Group restated their house stock rating on shares of Cranswick (LON:CWK) in a research note published on Monday morning, MarketBeat.com reports.

CWK has been the subject of several other research reports. Royal Bank Of Canada upgraded shares of Cranswick to an “outperform” rating and increased their price objective for the company from GBX 5,500 to GBX 6,100 in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 6,100 target price on shares of Cranswick in a report on Wednesday, May 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 62 target price on shares of Cranswick in a research report on Wednesday, May 20th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,934.

Cranswick Stock Down 0.7%

Shares of CWK opened at GBX 5,440 on Monday. The stock has a market capitalization of £2.91 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. Cranswick has a 1 year low of GBX 4,805 and a 1 year high of GBX 5,810. The business’s 50 day simple moving average is GBX 5,521.82 and its 200-day simple moving average is GBX 5,343.89. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.76 and a quick ratio of 1.02.

Cranswick (LON:CWK) last posted its earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. The firm had revenue of GBX 298.25 billion during the quarter. As a group, equities analysts expect that Cranswick will post 258.5590189 earnings per share for the current fiscal year.

Insider Activity at Cranswick

In related news, insider Christopher Aldersley sold 9,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 5,470, for a total transaction of £492,300. Also, insider Jim Brisby sold 16,500 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of GBX 5,533, for a total value of £912,945. Over the last quarter, insiders bought 8 shares of company stock worth $43,689. Company insiders own 2.49% 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 c. £3.0 billion. The business employs over 16,000 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.