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

Shares of Cranswick plc (LON:CWK) reached a new 52-week high on Tuesday . The company traded as high as GBX 5,710 and last traded at GBX 5,560, with a volume of 147521 shares. The stock had previously closed at GBX 5,640.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,770 price target on shares of Cranswick in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,100 price target on shares of Cranswick in a research note on Wednesday, May 20th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research note on Tuesday, May 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 62 price target on shares of Cranswick in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada raised Cranswick to an “outperform” rating and boosted their price objective for the stock 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 4,706.40.

Cranswick Price Performance

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 business has a fifty day simple moving average of GBX 5,383.89 and a 200 day simple moving average of GBX 5,236.99. The stock has a market capitalization of £2.97 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55.

Cranswick (LON:CWK) last issued its quarterly earnings data on Tuesday, May 19th. The company reported GBX 301.70 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%. On average, analysts expect that Cranswick plc will post 258.5590189 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Christopher Aldersley sold 9,000 shares of the 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 transaction of £492,300. Also, insider Adam Couch sold 347 shares of the 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 ninety days, insiders purchased 9 shares of company stock valued at $48,219 and sold 26,207 shares valued at $142,535,239. 2.49% of the stock is owned by 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.