Cranswick (LON:CWK) Given “Hold” Rating at Berenberg Bank

Cranswick (LON:CWK)‘s stock had its “hold” rating reissued by research analysts at Berenberg Bank in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 5,770 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 6.75% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,200 target price on shares of Cranswick in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 6,100 price target on shares of Cranswick in a report on Wednesday, May 20th. Royal Bank Of Canada upgraded shares of Cranswick to an “outperform” rating and increased their price objective for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Finally, Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Cranswick presently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,934.

Cranswick Trading Down 0.6%

LON:CWK opened at GBX 5,405 on Tuesday. The stock has a market cap of £2.89 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. Cranswick has a one year low of GBX 4,805 and a one year high of GBX 5,810. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.02 and a current ratio of 1.76. The business’s 50-day simple moving average is GBX 5,521.82 and its 200 day simple moving average is GBX 5,343.89.

Cranswick (LON:CWK) last issued its quarterly earnings data on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. Cranswick had a return on equity of 14.99% and a net margin of 5.31%.The firm had revenue of GBX 298.25 billion during the quarter. As a group, sell-side analysts predict that Cranswick will post 258.5590189 earnings per share for the current fiscal year.

Insider Transactions at Cranswick

In other Cranswick news, insider Jim Brisby sold 16,500 shares of Cranswick stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. Also, insider Christopher Aldersley sold 9,000 shares of Cranswick stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 5,470, for a total value of £492,300. In the last ninety days, insiders have purchased 8 shares of company stock valued at $43,689. Insiders own 2.49% 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.