Cranswick (CWK) PT Lowered to GBX 3,100
Cranswick (LON:CWK) had its price objective reduced by Liberum Capital from GBX 3,300 ($43.12) to GBX 3,100 ($40.51) in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Liberum Capital’s price objective suggests a potential upside of 21.57% from the stock’s previous close.
A number of other analysts have also commented on CWK. Peel Hunt reduced their price objective on shares of Cranswick from GBX 3,000 ($39.20) to GBX 2,800 ($36.59) and set a “hold” rating for the company in a research note on Tuesday, November 27th. Berenberg Bank reduced their price objective on shares of Cranswick from GBX 3,625 ($47.37) to GBX 3,550 ($46.39) and set a “buy” rating for the company in a research note on Thursday, November 29th. Numis Securities reaffirmed an “add” rating and set a GBX 3,450 ($45.08) price objective on shares of Cranswick in a research note on Tuesday, November 27th. Finally, HSBC initiated coverage on shares of Cranswick in a research note on Friday, January 25th. They set a “hold” rating and a GBX 2,810 ($36.72) price objective for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 3,076 ($40.19).
CWK stock opened at GBX 2,550 ($33.32) on Friday. Cranswick has a one year low of GBX 2,355 ($30.77) and a one year high of GBX 3,497.81 ($45.71).
Cranswick plc produces and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. It offers fresh pork, gourmet bacon and gammon, fresh chicken, and prepared chicken and poultry products, as well as gourmet sausages, cooked meats, continental foods, handmade pastries, and British charcuteries.
Further Reading: Return on Equity (ROE)
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