Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Cranswick (LON:CWK)

Cranswick (LON:CWK)‘s stock had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 6,300 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 16.02% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a research note on Monday. Berenberg Bank restated a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a research report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,200 price target on shares of Cranswick in a report on Monday. Finally, Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and boosted their price objective for the company from GBX 5,500 to GBX 6,100 in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,974.

Cranswick Stock Performance

Shares of LON CWK traded down GBX 10 during trading on Tuesday, reaching GBX 5,430. The stock had a trading volume of 32,517 shares, compared to its average volume of 520,751. Cranswick has a one year low of GBX 4,805 and a one year high of GBX 5,810. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.02 and a current ratio of 1.76. The stock has a market cap of £2.91 billion, a PE ratio of 18.71, a P/E/G ratio of 2.62 and a beta of 0.56. The firm’s 50 day moving average price is GBX 5,521.82 and its two-hundred day moving average price is GBX 5,343.89.

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

Insider Buying and Selling

In related news, insider Jim Brisby sold 16,500 shares of the business’s 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 transaction of £912,945. Also, insider Christopher Aldersley sold 9,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 5,470, for a total value of £492,300. Insiders have purchased a total of 8 shares of company stock valued at $43,689 in the last 90 days. Insiders own 2.49% of the company’s stock.

About Cranswick

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.