Cranswick plc (LON:CWK) Given Consensus Rating of “Moderate Buy” by Brokerages

Cranswick plc (LON:CWK) has earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 4,706.40.

A number of analysts recently weighed in on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 5,770 target price on shares of Cranswick in a research note on Tuesday, May 26th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 62 target price on shares of Cranswick in a research note on Wednesday, May 20th. Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and upped their target price for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,100 price objective on shares of Cranswick in a research note on Wednesday, May 20th.

Cranswick Stock Performance

LON CWK opened at GBX 5,420 on Friday. The stock has a market cap of £2.90 billion, a P/E ratio of 18.68, a PEG ratio of 2.62 and a beta of 0.55. The company’s 50-day simple moving average is GBX 5,400.71 and its 200 day simple moving average is GBX 5,245.42. Cranswick has a twelve month low of GBX 4,805 and a twelve month high of GBX 5,710. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.60.

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

Insider Activity

In other Cranswick news, insider Christopher Aldersley sold 9,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were 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 company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 507, for a total transaction of £1,759.29. Over the last three months, insiders bought 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 currently 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.