Cranswick (LON:CWK) Reaches New 52-Week High – Here’s Why

Cranswick plc (LON:CWK) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 5,710 and last traded at GBX 5,560, with a volume of 147521 shares changing hands. The stock had previously closed at GBX 5,640.

Analysts Set New Price Targets

CWK has been the subject of a number of research analyst reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. Berenberg Bank reissued a “hold” rating and set a GBX 5,770 price objective on shares of Cranswick in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,100 price objective on shares of Cranswick in a report on Wednesday, May 20th. Royal Bank Of Canada raised Cranswick to an “outperform” rating and increased their price objective for the company from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 62 price objective on shares of Cranswick in a report on Wednesday, May 20th. Four investment 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 company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,706.40.

Cranswick Trading Down 0.2%

The firm has a fifty day simple moving average of GBX 5,383.89 and a two-hundred day simple moving average of GBX 5,236.99. The firm has a market capitalization of £2.97 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The company has a debt-to-equity ratio of 23.60, a current ratio of 1.76 and a quick ratio of 1.02.

Cranswick (LON:CWK) last announced its quarterly earnings data on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. Cranswick had a return on equity of 14.99% and a net margin of 5.31%.The business had revenue of GBX 298.25 billion during the quarter. On average, equities research analysts anticipate that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Mark Bottomley sold 250 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of GBX 5,097, for a total value of £12,742.50. Also, insider Jim Brisby sold 16,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. Over the last three months, insiders bought 9 shares of company stock valued at $48,219 and sold 26,207 shares valued at $142,535,239. Company insiders own 2.49% of the company’s stock.

Cranswick Company Profile

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.