Cranswick (LON:CWK) Hits New 52-Week High After Analyst Upgrade

Cranswick plc (LON:CWK)’s share price reached a new 52-week high on Thursday after Royal Bank Of Canada upgraded the stock to an outperform rating. Royal Bank Of Canada now has a GBX 6,100 price target on the stock, up from their previous price target of GBX 5,500. Cranswick traded as high as GBX 5,630 and last traded at GBX 5,549.56, with a volume of 267640 shares. The stock had previously closed at GBX 5,560.

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

Insider Activity at Cranswick

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

Cranswick Stock Performance

The stock’s 50-day moving average price is GBX 5,297.85 and its 200-day moving average price is GBX 5,183.51. The company has a market cap of £2.97 billion, a P/E ratio of 20.51, a PEG ratio of 2.62 and a beta of 0.56. The company has a debt-to-equity ratio of 23.60, a current ratio of 1.76 and a quick ratio of 1.02.

Cranswick (LON:CWK) last announced its earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share (EPS) for the quarter. The company had revenue of GBX 298.25 billion during the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. Equities analysts anticipate that Cranswick plc will post 258.5590189 EPS 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.