Cranswick (LON:CWK) Stock Rating Upgraded by Peel Hunt

Cranswick (LON:CWK) was upgraded by investment analysts at Peel Hunt to a “buy” rating in a research report issued to clients and investors on Monday, Digital Look reports. The brokerage currently has a GBX 6,600 price objective on the stock. Peel Hunt’s price target would indicate a potential upside of 28.65% from the stock’s current price.

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

Cranswick Stock Performance

Shares of LON CWK traded down GBX 20 during trading on Monday, reaching GBX 5,130. The stock had a trading volume of 111,116 shares, compared to its average volume of 496,426. Cranswick has a one year low of GBX 4,805 and a one year high of GBX 5,810. 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 stock has a market cap of £2.75 billion, a PE ratio of 17.68, a P/E/G ratio of 2.62 and a beta of 0.55. The firm’s 50 day moving average price is GBX 5,175.49 and its two-hundred day moving average price is GBX 5,332.17.

Insider Activity at Cranswick

In related news, insider Mark Bottomley sold 361 shares of the business’s stock in a transaction that occurred 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 acquired 3 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of £5,350 per share, with a total value of £16,050. In the last three months, insiders purchased 366 shares of company stock worth $3,616,327. Company insiders own 2.55% of the company’s stock.

Cranswick Company Profile

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.