Cranswick (LON:CWK) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Cranswick plc (LON:CWK)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,086.61 and traded as high as GBX 5,220. Cranswick shares last traded at GBX 5,190, with a volume of 37,992 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CWK. Berenberg Bank restated a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a report on Tuesday, January 27th. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a research report on Tuesday, November 25th. Jefferies Financial Group restated a “buy” rating on shares of Cranswick in a research note on Monday, February 2nd. Peel Hunt reaffirmed a “buy” rating and set a GBX 5,500 price target on shares of Cranswick in a report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cranswick from GBX 6,000 to GBX 6,100 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 5,790.

Cranswick Price Performance

The business has a fifty day moving average of GBX 5,216.37 and a 200 day moving average of GBX 5,087.50. The company has a debt-to-equity ratio of 40.43, a current ratio of 1.78 and a quick ratio of 1.02. The stock has a market cap of £2.83 billion, a PE ratio of 19.53, a P/E/G ratio of 2.62 and a beta of 0.59.

About Cranswick

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of more than £2.7 billion. The business employs over 15,400 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.