Cranswick (LON:CWK) Shares Pass Above 200-Day Moving Average – Should You Sell?

Cranswick plc (LON:CWK) shares passed 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 traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CWK shares. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,770 price objective on shares of Cranswick in a research report on Tuesday, January 27th. Jefferies Financial Group reiterated a “buy” rating on shares of Cranswick in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,790.

Cranswick Price Performance

The company’s fifty day simple moving average is GBX 5,277.64 and its 200-day simple moving average is GBX 5,093.87. The company has a debt-to-equity ratio of 40.43, a current ratio of 1.78 and a quick ratio of 1.02. The firm has a market capitalization of £2.81 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.59.

Insider Buying and Selling at Cranswick

In other Cranswick news, insider Mark Bottomley sold 250 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of GBX 5,097, for a total value of £12,742.50. Also, insider Adam Couch sold 347 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 507, for a total value of £1,759.29. Over the last 90 days, insiders have purchased 8 shares of company stock worth $41,470 and have sold 707 shares worth $2,010,739. 2.54% of the stock is owned by insiders.

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.