Cranswick (LON:CWK) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Cranswick plc (LON:CWK) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 5,298.13 and traded as low as GBX 5,270. Cranswick shares last traded at GBX 5,280, with a volume of 7,770,926 shares.

Wall Street Analysts Forecast Growth

CWK has been the subject of several research analyst reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 6,300 target price on shares of Cranswick in a report on Tuesday, July 28th. Peel Hunt raised Cranswick to a “buy” rating and set a GBX 6,600 target price on the stock in a research report on Monday, October 12th. Jefferies Financial Group restated a “buy” rating and set a GBX 6,200 price target on shares of Cranswick in a research note on Monday, July 27th. Finally, Berenberg Bank upgraded Cranswick to a “buy” rating and boosted their price target for the company from GBX 5,770 to GBX 6,080 in a research note on Tuesday, September 22nd. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 6,256.

Cranswick Trading Up 0.4%

The firm has a market capitalization of £2.83 billion, a PE ratio of 18.19, a PEG ratio of 2.62 and a beta of 0.55. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.26. The stock’s fifty day simple moving average is GBX 5,174.09 and its 200 day simple moving average is GBX 5,298.13.

Insider Buying and Selling at Cranswick

In other Cranswick news, insider Christopher Aldersley acquired 3 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was purchased at an average price of £5,350 per share, with a total value of £16,050. Also, insider Mark Bottomley sold 361 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total value of £20,017.45. Insiders have bought a total of 367 shares of company stock worth $3,621,037 in the last quarter. Corporate insiders own 2.55% 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.