Brokerages Set Cranswick plc (LON:CWK) PT at GBX 4,706.40

Shares of Cranswick plc (LON:CWK) have been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 4,706.40.

CWK has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 62 price target on shares of Cranswick in a research note on Wednesday, May 20th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research note on Tuesday, May 19th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 6,100 price target on shares of Cranswick in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada raised Cranswick to an “outperform” rating and upped their price target for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th.

Insiders Place Their Bets

In related news, insider Mark Bottomley sold 110 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of GBX 5,096, for a total transaction of £5,605.60. Also, insider Jim Brisby sold 16,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. In the last quarter, insiders acquired 9 shares of company stock valued at $48,219 and sold 26,207 shares valued at $142,535,239. 2.54% of the stock is owned by corporate insiders.

Cranswick Stock Performance

Shares of CWK stock opened at GBX 5,485.99 on Wednesday. The company has a debt-to-equity ratio of 23.60, a current ratio of 1.76 and a quick ratio of 1.02. The stock has a market cap of £2.94 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. The stock has a 50-day moving average of GBX 5,310.85 and a 200-day moving average of GBX 5,194.53. Cranswick has a one year low of GBX 4,805 and a one year high of GBX 5,630.

Cranswick (LON:CWK) last announced its quarterly earnings results on Tuesday, May 19th. The company reported GBX 301.70 EPS for the quarter. The company had revenue of GBX 298.25 billion during the quarter. Cranswick had a return on equity of 14.99% and a net margin of 5.31%. As a group, sell-side analysts expect that Cranswick will post 258.5590189 earnings per share for the current year.

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.