Cranswick (LON:CWK) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Cranswick plc (LON:CWK) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,083.35 and traded as high as GBX 5,140. Cranswick shares last traded at GBX 5,110, with a volume of 124,311 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CWK. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cranswick from GBX 6,000 to GBX 6,100 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Shore Capital restated a “house stock” rating on shares of Cranswick in a research note on Tuesday, November 25th. Peel Hunt reaffirmed a “buy” rating and set a GBX 5,500 target price on shares of Cranswick in a report on Tuesday, November 25th. Finally, Berenberg Bank upped their price target on shares of Cranswick from GBX 5,540 to GBX 5,770 and gave the company a “hold” rating in a research note on Tuesday, November 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,790.

Cranswick Stock Up 3.8%

The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98. The stock has a market cap of £2.73 billion, a P/E ratio of 18.88, a PEG ratio of 2.62 and a beta of 0.44. The firm has a 50-day simple moving average of GBX 4,988.42 and a two-hundred day simple moving average of GBX 5,083.35.

Cranswick (LON:CWK) last announced its earnings results on Tuesday, November 25th. The company reported GBX 144.40 earnings per share (EPS) for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.64%. Equities research analysts expect that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.

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.