Cranswick (LON:CWK) Stock Rating Upgraded by Royal Bank Of Canada

Cranswick (LON:CWK) was upgraded by research analysts at Royal Bank Of Canada to an “outperform” rating in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage currently has a GBX 6,100 price target on the stock, up from their previous price target of GBX 5,500. Royal Bank Of Canada’s price objective points to a potential upside of 11.72% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 6,100 price target on shares of Cranswick in a report on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 62 price target on shares of Cranswick in a report on Wednesday, May 20th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a report on Tuesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cranswick currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,706.40.

Cranswick Stock Up 1.1%

LON CWK opened at GBX 5,460 on Wednesday. The stock’s 50 day moving average is GBX 5,292.85 and its 200 day moving average is GBX 5,179.04. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.60. Cranswick has a 12 month low of GBX 4,805 and a 12 month high of GBX 5,620. The stock has a market cap of £2.92 billion, a PE ratio of 20.18, a P/E/G ratio of 2.62 and a beta of 0.56.

Cranswick (LON:CWK) last posted its quarterly earnings results on Tuesday, May 19th. The company reported GBX 301.70 EPS for the quarter. Cranswick had a return on equity of 14.99% and a net margin of 5.31%.The company had revenue of GBX 298.25 billion for the quarter. Research analysts predict that Cranswick will post 258.5590189 EPS for the current fiscal year.

Insider Transactions at Cranswick

In other news, insider Jim Brisby sold 16,500 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total transaction of £912,945. Also, insider Adam Couch sold 347 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 507, for a total value of £1,759.29. Over the last 90 days, insiders acquired 9 shares of company stock valued at $48,219 and sold 26,207 shares valued at $142,535,239. Corporate insiders own 2.54% of the company’s stock.

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.