Cranswick (LON:CWK) Reaches New 1-Year High – Time to Buy?

Cranswick plc (LON:CWK) hit a new 52-week high during trading on Monday . The company traded as high as GBX 5,810 and last traded at GBX 5,671.99, with a volume of 3494 shares traded. The stock had previously closed at GBX 5,690.

Analyst Ratings Changes

Several research firms have recently weighed in on CWK. Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and lifted their target price for the company from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a report on Tuesday, May 19th. Berenberg Bank reiterated a “hold” rating and issued a GBX 5,770 price objective on shares of Cranswick in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,100 price objective on shares of Cranswick in a research report on Wednesday, May 20th. Finally, 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. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 4,706.40.

Cranswick Trading Down 0.5%

The company’s fifty day simple moving average is GBX 5,423.14 and its 200-day simple moving average is GBX 5,263.98. The firm has a market capitalization of £3.03 billion, a PE ratio of 19.50, a P/E/G ratio of 2.62 and a beta of 0.55. 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 released its earnings results on Tuesday, May 19th. The company reported GBX 301.70 EPS for the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. The business had revenue of GBX 298.25 billion during the quarter. As a group, sell-side analysts expect that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.

Insider Activity at Cranswick

In other Cranswick 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 Jim Brisby sold 16,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of GBX 5,533, for a total value of £912,945. Over the last quarter, insiders have acquired 9 shares of company stock valued at $49,059. 2.49% of the stock is owned by company insiders.

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.