Cranswick (LON:CWK) Price Target Raised to GBX 5,770 at Berenberg Bank

Cranswick (LON:CWK) had its price target hoisted by Berenberg Bank from GBX 5,540 to GBX 5,770 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage currently has a hold rating on the stock.

CWK has been the subject of several other reports. Peel Hunt restated a “buy” rating and set a GBX 5,500 price objective on shares of Cranswick in a research report on Tuesday. Shore Capital reissued a “house stock” rating on shares of Cranswick in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,790.

Cranswick Price Performance

Shares of CWK stock traded up GBX 0.41 during mid-day trading on Tuesday, reaching GBX 5,120.41. The stock had a trading volume of 80,216 shares, compared to its average volume of 155,551. The company has a market cap of £2.74 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98. Cranswick has a 12-month low of GBX 4,555 and a 12-month high of GBX 5,590. The business has a 50-day simple moving average of GBX 4,976.38 and a 200 day simple moving average of GBX 5,150.35.

Cranswick (LON:CWK) last issued its quarterly earnings data on Tuesday, November 25th. The company reported GBX 144.40 EPS for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.64%. On average, sell-side analysts anticipate that Cranswick will post 258.5590189 earnings per share for the current year.

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.