Cranswick (LON:CWK) Hits New 52-Week High After Analyst Upgrade

Cranswick plc (LON:CWK)’s share price hit a new 52-week high during mid-day trading on Thursday after Royal Bank Of Canada upgraded the stock to an outperform rating. Royal Bank Of Canada now has a GBX 6,100 price target on the stock, up from their previous price target of GBX 5,500. Cranswick traded as high as GBX 5,630 and last traded at GBX 5,549.56, with a volume of 267640 shares trading hands. The stock had previously closed at GBX 5,560.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 62 price objective on shares of Cranswick in a research report on Wednesday, May 20th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,100 price objective on shares of Cranswick in a research report on Wednesday, May 20th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,770 price objective on shares of Cranswick in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,706.40.

Insiders Place Their Bets

In other Cranswick news, insider Christopher Aldersley sold 9,000 shares of the business’s stock in a transaction dated 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 business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. In the last ninety days, insiders bought 9 shares of company stock worth $48,219 and sold 26,207 shares worth $142,535,239. 2.54% of the stock is currently owned by corporate insiders.

Cranswick Price Performance

The company has a 50 day moving average price of GBX 5,297.85 and a 200-day moving average price of GBX 5,183.51. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.60. The company has a market cap of £2.97 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.62 and a beta of 0.56.

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

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.