Cranswick (LON:CWK) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Cranswick plc (LON:CWK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,075.53 and traded as high as GBX 5,410. Cranswick shares last traded at GBX 5,320, with a volume of 185,854 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 5,770 target price on shares of Cranswick in a research report on Tuesday, January 27th. Jefferies Financial Group reissued a “buy” rating on shares of Cranswick in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Cranswick from GBX 6,000 to GBX 6,100 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Peel Hunt reissued a “buy” rating and issued a GBX 5,500 price target on shares of Cranswick in a research report on Tuesday, November 25th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,790.

Cranswick Stock Down 0.4%

The stock has a market cap of £2.84 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.62 and a beta of 0.44. The business has a fifty day moving average of GBX 5,066.51 and a 200 day moving average of GBX 5,075.53. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.66 and a quick ratio of 1.02.

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