Cranswick (LON:CWK) Raised to Buy at Peel Hunt

Cranswick (LON:CWK) was upgraded by equities research analysts at Peel Hunt to a “buy” rating in a research report issued on Monday, Digital Look reports. The brokerage presently has a GBX 6,600 price target on the stock. Peel Hunt’s price target would suggest a potential upside of 28.16% from the stock’s current price.

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

Cranswick Stock Up 0.2%

LON CWK traded up GBX 10 on Monday, hitting GBX 5,150. 165,812 shares of the company were exchanged, compared to its average volume of 498,372. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. The company has a market cap of £2.76 billion, a PE ratio of 17.75, a PEG ratio of 2.62 and a beta of 0.55. The stock has a fifty day moving average of GBX 5,180.71 and a 200-day moving average of GBX 5,332.31. Cranswick has a 12 month low of GBX 4,805 and a 12 month high of GBX 5,810.

Insider Transactions at Cranswick

In other news, insider Christopher Aldersley purchased 3 shares of the business’s stock in a transaction that occurred on 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 company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Insiders have purchased 366 shares of company stock worth $3,616,327 over the last three months. 2.55% of the stock is owned by 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.