Cranswick (LON:CWK) Upgraded to “Buy” at Peel Hunt

Cranswick (LON:CWK) was upgraded by equities researchers at Peel Hunt to a “buy” rating in a report issued on Monday, Digital Look reports. The firm presently has a GBX 6,600 price objective on the stock. Peel Hunt’s price target would suggest a potential upside of 27.17% from the stock’s previous close.

A number of other brokerages have also recently issued reports on CWK. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,300 target price on shares of Cranswick in a research report on Tuesday, July 28th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,200 price target on shares of Cranswick in a report on Monday, July 27th. Berenberg Bank raised shares of Cranswick to a “buy” rating and lifted their price target for the company from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Finally, Shore Capital Group restated a “house stock” rating on shares of Cranswick in a research note on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 6,256.

Cranswick Stock Performance

Shares of LON CWK opened at GBX 5,190 on Monday. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.02 and a current ratio of 1.76. The firm has a market cap of £2.78 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.62 and a beta of 0.55. The business’s 50-day simple moving average is GBX 5,178.29 and its 200-day simple moving average is GBX 5,332.45. Cranswick has a 52 week low of GBX 4,805 and a 52 week high of GBX 5,810.

Insider Transactions at Cranswick

In other Cranswick news, insider Christopher Aldersley acquired 3 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were acquired at an average cost of £5,350 per share, for a total transaction of £16,050. Also, insider Mark Bottomley sold 361 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total value of £20,017.45. Insiders bought 366 shares of company stock worth $3,616,327 over the last quarter. 2.55% of the stock is currently owned by corporate insiders.

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.