Cranswick (LON:CWK) Share Price Passes Above 200-Day Moving Average – What’s Next?

Cranswick plc (LON:CWK)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 5,079.08 and traded as high as GBX 5,380. Cranswick shares last traded at GBX 5,331.26, with a volume of 2,224,044 shares traded.

Wall Street Analyst Weigh In

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

Cranswick Stock Performance

The company has a market cap of £2.85 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.62 and a beta of 0.44. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98. The stock’s 50 day moving average price is GBX 5,100.16 and its 200 day moving average price is GBX 5,079.08.

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 net margin of 4.35% and a return on equity of 12.64%. On average, analysts expect that Cranswick plc will post 258.5590189 EPS for the current fiscal year.

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.