Jefferies Financial Group Reiterates “Buy” Rating for Cranswick (LON:CWK)

Cranswick (LON:CWK)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 62 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 98.86% from the company’s current price.

A number of other equities analysts have also commented on the stock. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,100 target price on shares of Cranswick in a research report on Wednesday. Finally, Berenberg Bank restated a “hold” rating and set a GBX 5,770 price target on shares of Cranswick in a research report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Cranswick presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,358.

Cranswick Stock Performance

Shares of CWK opened at GBX 5,460 on Wednesday. Cranswick has a 12-month low of GBX 4,805 and a 12-month high of GBX 5,620. The company has a current ratio of 1.78, a quick ratio of 1.02 and a debt-to-equity ratio of 40.43. The company has a market cap of £2.92 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. The stock has a 50-day moving average price of GBX 5,267.55 and a 200-day moving average price of GBX 5,159.89.

Cranswick (LON:CWK) last announced its earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. Cranswick had a net margin of 5.17% and a return on equity of 14.71%. The business had revenue of GBX 298.25 billion for the quarter. As a group, equities analysts forecast that Cranswick will post 258.5590189 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cranswick news, insider Adam Couch sold 347 shares of Cranswick stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 507, for a total transaction of £1,759.29. Also, insider Mark Bottomley sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of GBX 5,097, for a total transaction of £12,742.50. Over the last quarter, insiders have acquired 8 shares of company stock worth $42,490 and have sold 707 shares worth $2,010,739. 2.54% of the stock is owned by company 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.