Insider Buying: Cranswick (LON:CWK) Insider Buys £16,050 in Stock

Cranswick plc (LON:CWK) insider Christopher Aldersley purchased 3 shares of the stock in a transaction on Friday, August 21st. The stock was acquired at an average cost of £5,350 per share, for a total transaction of £16,050.

Christopher Aldersley also recently made the following trade(s):

• On Tuesday, July 21st, Christopher Aldersley acquired 2 shares of Cranswick stock. The stock was purchased at an average price of GBX 5,415 per share, with a total value of £108.30.
• On Monday, June 22nd, Christopher Aldersley bought 3 shares of Cranswick stock. The shares were acquired at an average cost of GBX 5,450 per share, with a total value of £163.50.

Cranswick Stock Performance

CWK stock opened at GBX 5,380 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. The business’s 50-day moving average is GBX 5,430.13 and its 200 day moving average is GBX 5,373.71. The stock has a market cap of £2.88 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.62 and a beta of 0.55. Cranswick plc has a 12-month low of GBX 4,805 and a 12-month high of GBX 5,810.

Wall Street Analysts Forecast Growth

CWK has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,200 price target on shares of Cranswick in a research note on Monday, July 27th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 6,300 target price on shares of Cranswick in a report on Tuesday, July 28th. Berenberg Bank reissued a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and boosted their price target for the company from GBX 5,500 to GBX 6,100 in a research report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 5,974.

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.