Peel Hunt Upgrades Cranswick (LON:CWK) to Buy

Cranswick (LON:CWK) was upgraded by 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 target on the stock. Peel Hunt’s target price would indicate a potential upside of 28.65% from the stock’s previous close.

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

Cranswick Price Performance

LON:CWK opened at GBX 5,130 on Monday. The stock has a market capitalization of £2.75 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The stock’s 50-day moving average price is GBX 5,175.49 and its 200-day moving average price is GBX 5,332.17. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.26. Cranswick has a 52 week low of GBX 4,805 and a 52 week high of GBX 5,810.

Insider Activity

In other news, insider Christopher Aldersley bought 3 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were bought 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 shares were sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Over the last 90 days, insiders have purchased 366 shares of company stock valued at $3,616,327. 2.55% of the stock is 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.