Cranswick plc (CWK) Receives Consensus Recommendation of “Buy” from Analysts
Cranswick plc (LON:CWK) has been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,765.29 ($36.11).
A number of equities research analysts have issued reports on CWK shares. Liberum Capital reiterated a “hold” rating and issued a GBX 2,990 ($39.04) target price on shares of Cranswick plc in a research report on Monday, July 3rd. Peel Hunt increased their target price on shares of Cranswick plc from GBX 2,400 ($31.34) to GBX 2,600 ($33.95) and gave the stock a “hold” rating in a research report on Tuesday, May 23rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,850 ($37.22) target price on shares of Cranswick plc in a research report on Monday, May 1st. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 2,867 ($37.44) target price on shares of Cranswick plc in a research report on Thursday, May 25th. Finally, Whitman Howard reiterated a “hold” rating and issued a GBX 2,460 ($32.12) target price on shares of Cranswick plc in a research report on Friday, May 19th.
Shares of Cranswick plc (LON:CWK) traded down 0.07% during mid-day trading on Tuesday, hitting GBX 2802.00. 26,127 shares of the stock traded hands. The company’s market cap is GBX 1.41 billion. Cranswick plc has a 52 week low of GBX 2,092.35 and a 52 week high of GBX 3,092.00. The stock has a 50-day moving average of GBX 2,888.89 and a 200-day moving average of GBX 2,600.70.
The firm also recently declared a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, June 29th will be paid a dividend of GBX 31 ($0.40) per share. This is a positive change from Cranswick plc’s previous dividend of $13.10. The ex-dividend date is Thursday, June 29th. This represents a dividend yield of 1.05%.
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In other news, insider Jim Brisby sold 12,925 shares of the stock in a transaction on Friday, July 7th. The shares were sold at an average price of GBX 2,832 ($36.98), for a total transaction of £366,036 ($477,978.58).
About Cranswick plc
Cranswick plc is a supplier of food products. The Company operates through Foods segment, which is engaged in the manufacture and supply of food products to the United Kingdom grocery retailers, the food service sector and other food producers. The Company provides a range of pork, gourmet sausages, cooked meats, cooked poultry, charcuterie, hand-cured and air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.
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