Cranswick plc (CWK) Given Consensus Recommendation of “Buy” by Brokerages
Cranswick plc (LON:CWK) has received a consensus recommendation of “Buy” from the nine analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,765.71 ($36.02).
A number of equities research analysts have recently issued reports on the company. Shore Capital reiterated a “house stock” rating on shares of Cranswick plc in a research note on Tuesday, May 23rd. Liberum Capital reiterated a “hold” rating and issued a GBX 2,990 ($38.94) target price on shares of Cranswick plc in a research note on Monday, July 31st. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 2,867 ($37.34) target price on shares of Cranswick plc in a research note on Thursday, May 25th. Peel Hunt reiterated a “hold” rating and issued a GBX 2,600 ($33.86) target price on shares of Cranswick plc in a research note on Monday, July 24th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 3,225 ($42.00) target price on shares of Cranswick plc in a research note on Tuesday, July 25th.
Shares of Cranswick plc (LON:CWK) traded down 0.44% during trading on Friday, hitting GBX 2974.00. The stock had a trading volume of 25,549 shares. Cranswick plc has a 12-month low of GBX 2,092.35 and a 12-month high of GBX 3,092.00. The firm’s market cap is GBX 1.50 billion. The stock has a 50-day moving average of GBX 2,865.39 and a 200 day moving average of GBX 2,666.35.
The firm also recently disclosed a dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, June 29th will be paid a dividend of GBX 31 ($0.40) per share. This represents a yield of 1.05%. The ex-dividend date of this dividend is Thursday, June 29th. This is a positive change from Cranswick plc’s previous dividend of $13.10.
In other Cranswick plc news, insider Jim Brisby sold 12,925 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of GBX 2,832 ($36.88), for a total transaction of £366,036 ($476,671.44).
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Cranswick plc Company Profile
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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