Cranswick (LON:CWK) Sets New 52-Week High – What’s Next?

Cranswick plc (LON:CWK) hit a new 52-week high on Wednesday . The stock traded as high as GBX 5,630 and last traded at GBX 5,620, with a volume of 11451 shares traded. The stock had previously closed at GBX 5,540.

Wall Street Analysts Forecast Growth

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

Cranswick Stock Up 0.7%

The company has a debt-to-equity ratio of 23.60, a current ratio of 1.76 and a quick ratio of 1.02. The stock has a market cap of £3.05 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The business has a fifty day moving average of GBX 5,369.39 and a 200-day moving average of GBX 5,229.63.

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

Insider Transactions at Cranswick

In related news, insider Christopher Aldersley sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of GBX 5,470, for a total value of £492,300. Also, insider Adam Couch sold 347 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 507, for a total value of £1,759.29. Over the last three months, insiders have bought 9 shares of company stock worth $48,219 and have sold 26,207 shares worth $142,535,239. Company insiders own 2.49% 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.