Cranswick (LON:CWK) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Cranswick plc (LON:CWK)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 5,454.92 and traded as high as GBX 5,650. Cranswick shares last traded at GBX 5,575.37, with a volume of 198,888 shares trading hands.

Analysts Set New Price Targets

CWK has been the topic of a number of analyst reports. Royal Bank Of Canada raised Cranswick to an “outperform” rating and increased their price target for the company from GBX 5,500 to GBX 6,100 in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 6,100 target price on shares of Cranswick in a research note on Wednesday, May 20th. Berenberg Bank reiterated a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a research note on Tuesday, May 26th. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 62 price objective on shares of Cranswick in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 4,706.40.

Cranswick Trading Up 0.2%

The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.60. The firm has a market cap of £2.97 billion, a PE ratio of 19.16, a P/E/G ratio of 2.62 and a beta of 0.55. The business has a fifty day moving average price of GBX 5,454.92 and a 200 day moving average price of GBX 5,292.53.

Cranswick (LON:CWK) last posted its earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. The firm 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%. Analysts forecast that Cranswick plc will post 258.5590189 EPS for the current year.

Insider Activity at Cranswick

In other news, insider Christopher Aldersley sold 9,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 5,470, for a total value of £492,300. Also, insider Jim Brisby sold 16,500 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of GBX 5,533, for a total transaction of £912,945. Insiders have bought a total of 9 shares of company stock valued at $49,059 in the last 90 days. 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.