Berenberg Bank Reiterates Hold Rating for Cranswick (LON:CWK)

Cranswick (LON:CWK)‘s stock had its “hold” rating reissued by analysts at Berenberg Bank in a report released on Tuesday, Marketbeat Ratings reports. They presently have a GBX 5,770 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 9.49% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Peel Hunt reissued a “buy” rating and issued a GBX 5,500 price objective on shares of Cranswick in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft upped their target price on Cranswick from GBX 6,000 to GBX 6,100 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, Shore Capital restated a “house stock” rating on shares of Cranswick in a report on Tuesday, November 25th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 5,790.

Cranswick Trading Down 0.4%

LON CWK opened at GBX 5,270 on Tuesday. The firm’s 50 day moving average price is GBX 5,028.62 and its two-hundred day moving average price is GBX 5,074.44. The company has a debt-to-equity ratio of 13.98, a quick ratio of 1.02 and a current ratio of 1.66. Cranswick has a twelve month low of GBX 4,590 and a twelve month high of GBX 5,590. The stock has a market cap of £2.82 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.62 and a beta of 0.44.

Cranswick (LON:CWK) last released its earnings results on Tuesday, November 25th. The company reported GBX 144.40 earnings per share (EPS) for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. Equities analysts anticipate that Cranswick will post 258.5590189 EPS for the current year.

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.