Cranswick (LON:CWK) Upgraded to “Buy” at Peel Hunt

Cranswick (LON:CWK) was upgraded by investment analysts at Peel Hunt to a “buy” rating in a research report issued on Monday, Digital Look reports. The firm presently has a GBX 6,600 price target on the stock. Peel Hunt’s target price points to a potential upside of 26.68% from the stock’s previous close.

A number of other research firms also recently issued reports on CWK. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 6,300 price target on shares of Cranswick in a research note on Tuesday, July 28th. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a report on Friday, August 14th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,200 price objective on shares of Cranswick in a research note on Monday, July 27th. Finally, Berenberg Bank raised Cranswick to a “buy” rating and increased their price objective for the stock from GBX 5,770 to GBX 6,080 in a research note on Tuesday, September 22nd. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Cranswick presently has a consensus rating of “Buy” and an average price target of GBX 6,256.

Cranswick Trading Up 1.6%

CWK opened at GBX 5,210 on Monday. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.76 and a quick ratio of 1.02. Cranswick has a fifty-two week low of GBX 4,805 and a fifty-two week high of GBX 5,810. The firm has a market capitalization of £2.79 billion, a PE ratio of 17.95, a P/E/G ratio of 2.62 and a beta of 0.55. The company’s 50-day moving average is GBX 5,174.69 and its 200 day moving average is GBX 5,332.80.

Insiders Place Their Bets

In other news, insider Christopher Aldersley acquired 3 shares of the business’s stock in a transaction on Friday, August 21st. The shares were purchased at an average cost of £5,350 per share, with a total value of £16,050. Also, insider Mark Bottomley sold 361 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Insiders have acquired a total of 366 shares of company stock worth $3,616,327 over the last ninety days. Insiders own 2.55% 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.