Cranswick (LON:CWK) Shares Cross Above 200 Day Moving Average of $2,847.14

Cranswick plc (LON:CWK)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2,847.14 and traded as high as $3,112.00. Cranswick shares last traded at $3,082.00, with a volume of 103,521 shares trading hands.

A number of analysts have weighed in on the company. Liberum Capital restated a “buy” rating and issued a GBX 3,500 ($45.73) price target (up from GBX 3,300 ($43.12)) on shares of Cranswick in a research note on Tuesday, November 26th. Peel Hunt restated a “hold” rating and issued a GBX 3,000 ($39.20) price target (up from GBX 2,900 ($37.89)) on shares of Cranswick in a research note on Monday, November 25th. Berenberg Bank restated a “buy” rating and issued a GBX 3,050 ($39.85) price target on shares of Cranswick in a research note on Friday, September 6th. HSBC raised their price target on Cranswick from GBX 2,780 ($36.33) to GBX 3,000 ($39.20) and gave the company a “hold” rating in a research note on Wednesday, November 27th. Finally, Shore Capital restated a “house stock” rating on shares of Cranswick in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 3,150 ($41.16).

The firm has a fifty day simple moving average of GBX 3,199.64 and a 200-day simple moving average of GBX 2,847.14. The company has a market cap of $1.61 billion and a PE ratio of 22.85. The company has a quick ratio of 1.11, a current ratio of 1.72 and a debt-to-equity ratio of 2.66.

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, December 12th will be issued a dividend of GBX 16.70 ($0.22) per share. This represents a dividend yield of 0.52%. The ex-dividend date is Thursday, December 12th. Cranswick’s payout ratio is 0.42%.

In other news, insider Pamela Powell acquired 1,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were bought at an average price of GBX 2,924 ($38.21) per share, with a total value of £29,240 ($38,207.24).

About Cranswick (LON:CWK)

Cranswick plc produces and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. It offers fresh pork, gourmet bacon and gammon, fresh chicken, and prepared chicken and poultry products, as well as gourmet sausages, cooked meats, continental foods, handmade pastries, and British charcuteries.

Further Reading: How to calculate the intrinsic value of a stock

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