Cranswick (LON:CWK) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Cranswick plc (LON:CWK) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 5,088.96 and traded as high as GBX 5,270. Cranswick shares last traded at GBX 5,170, with a volume of 3,362,710 shares changing hands.

Wall Street Analyst Weigh In

CWK has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Cranswick from GBX 6,000 to GBX 6,100 and gave the company a “buy” rating in a report on Tuesday, November 25th. Jefferies Financial Group restated a “buy” rating on shares of Cranswick in a research report on Monday, February 2nd. Peel Hunt restated a “buy” rating and issued a GBX 5,500 target price on shares of Cranswick in a research note on Tuesday, November 25th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research report on Tuesday, November 25th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 5,770 price target on shares of Cranswick in a research note on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Cranswick presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,790.

Cranswick Trading Up 0.2%

The stock has a market cap of £2.77 billion, a P/E ratio of 19.11, a PEG ratio of 2.62 and a beta of 0.59. The company has a debt-to-equity ratio of 40.43, a current ratio of 1.78 and a quick ratio of 1.02. The business’s 50 day simple moving average is GBX 5,247.18 and its 200 day simple moving average is GBX 5,088.96.

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.