Cranswick (LON:CWK) Upgraded at Peel Hunt

Cranswick (LON:CWK) was upgraded by stock analysts at Peel Hunt to a “buy” rating in a report issued on Monday, Digital Look reports. The firm currently has a GBX 6,600 target price on the stock. Peel Hunt’s target price points to a potential upside of 28.65% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,200 price target on shares of Cranswick in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 6,300 price objective on shares of Cranswick in a research report on Tuesday, July 28th. Berenberg Bank upgraded Cranswick to a “buy” rating and upped their price objective for the stock from GBX 5,770 to GBX 6,080 in a research note 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 equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 6,256.

Cranswick Stock Performance

Shares of LON:CWK traded down GBX 20 during trading on Monday, reaching GBX 5,130. 111,116 shares of the company’s stock traded hands, compared to its average volume of 496,426. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.76 and a quick ratio of 1.02. Cranswick has a 12 month low of GBX 4,805 and a 12 month high of GBX 5,810. The company has a 50 day moving average of GBX 5,178.29 and a 200-day moving average of GBX 5,332.45. The stock has a market capitalization of £2.75 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55.

Insider Transactions at Cranswick

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

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.