Cranswick plc (LON:CWK) Stock Has Average Price Target of GBX 6,036

Shares of Cranswick plc (LON:CWK) have received a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is GBX 6,036.

CWK has been the subject of a number of research analyst reports. Berenberg Bank upgraded shares of Cranswick to a “buy” rating and raised their price objective for the stock from GBX 5,770 to GBX 6,080 in a report on Tuesday, September 22nd. Jefferies Financial Group restated a “buy” rating and set a GBX 6,200 price target on shares of Cranswick in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 6,300 price target on shares of Cranswick in a report on Tuesday, July 28th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a research note on Friday, August 14th.

Insider Buying and Selling at Cranswick

In other news, insider Mark Bottomley sold 361 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Also, insider Christopher Aldersley purchased 3 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were purchased at an average price of £5,350 per share, with a total value of £16,050. Over the last 90 days, insiders acquired 366 shares of company stock worth $3,616,327. Corporate insiders own 2.55% of the company’s stock.

Cranswick Trading Down 1.4%

LON CWK opened at GBX 5,030 on Tuesday. The business’s fifty day moving average is GBX 5,233.82 and its 200-day moving average is GBX 5,342.07. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.76 and a quick ratio of 1.02. The stock has a market capitalization of £2.69 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.62 and a beta of 0.55. Cranswick has a one year low of GBX 4,805 and a one year high of GBX 5,810.

About Cranswick

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of c. £3.0 billion. The business employs over 16,000 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.