Cranswick (LON:CWK) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Cranswick plc (LON:CWK) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 5,454.92 and traded as high as GBX 5,650. Cranswick shares last traded at GBX 5,575.37, with a volume of 198,888 shares.

Wall Street Analysts Forecast Growth

CWK has been the topic of a number of recent analyst reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 5,770 price objective on shares of Cranswick in a report on Tuesday, May 26th. Shore Capital Group restated a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 62 price target on shares of Cranswick in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,100 price objective on shares of Cranswick in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada upgraded shares of Cranswick to an “outperform” rating and boosted their price objective for the company from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,706.40.

Cranswick Price Performance

The stock has a market cap of £2.97 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.62 and a beta of 0.55. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.60. The company’s fifty day moving average is GBX 5,454.92 and its two-hundred day moving average is GBX 5,292.53.

Cranswick (LON:CWK) last released 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. As a group, research analysts predict that Cranswick plc will post 258.5590189 earnings per share for the current year.

Insider Transactions at Cranswick

In other Cranswick news, insider Jim Brisby sold 16,500 shares of Cranswick stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. Also, insider Christopher Aldersley sold 9,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of GBX 5,470, for a total transaction of £492,300. Insiders have purchased a total of 9 shares of company stock valued at $49,059 over the last 90 days. 2.49% of the stock is currently owned by company insiders.

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.