Cranswick plc (LON:CWK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Cranswick plc (LON:CWK) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 4,706.40.

Several equities analysts recently weighed in on CWK shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 62 price objective on shares of Cranswick in a research report on Wednesday, May 20th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,770 price objective on shares of Cranswick in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,100 price objective on shares of Cranswick in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and raised their price objective for the company from GBX 5,500 to GBX 6,100 in a research report on Wednesday.

Insider Buying and Selling

In other Cranswick news, insider Jim Brisby sold 16,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. Also, insider Mark Bottomley sold 110 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of GBX 5,096, for a total value of £5,605.60. Over the last ninety days, insiders purchased 9 shares of company stock worth $48,219 and sold 26,207 shares worth $142,535,239. Insiders own 2.54% of the company’s stock.

Cranswick Price Performance

CWK opened at GBX 5,446 on Wednesday. The stock has a market cap of £2.91 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.62 and a beta of 0.56. Cranswick has a 1 year low of GBX 4,805 and a 1 year high of GBX 5,620. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.60. The stock has a fifty day moving average price of GBX 5,292.85 and a 200 day moving average price of GBX 5,179.04.

Cranswick (LON:CWK) last posted its quarterly earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. The company had revenue of GBX 298.25 billion during the quarter. Cranswick had a return on equity of 14.99% and a net margin of 5.31%. Analysts forecast that Cranswick will post 258.5590189 EPS for the current fiscal year.

About Cranswick

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.