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

Cranswick (LON:CWK) was upgraded by investment analysts at Peel Hunt to a “buy” rating in a report issued on Monday, Digital Look reports. The brokerage currently has a GBX 6,600 target price on the stock. Peel Hunt’s price target would indicate a potential upside of 28.16% from the stock’s current price.

Several other brokerages have also recently weighed in on CWK. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,200 price objective on shares of Cranswick in a research note on Monday, July 27th. Berenberg Bank upgraded shares of Cranswick to a “buy” rating and increased their target price for the stock from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,300 target price on shares of Cranswick in a report on Tuesday, July 28th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 6,256.

Cranswick Price Performance

CWK opened at GBX 5,150 on Monday. The stock has a fifty day moving average of GBX 5,178.29 and a 200-day moving average of GBX 5,332.45. The company has a market capitalization of £2.76 billion, a P/E ratio of 17.75, a P/E/G ratio of 2.62 and a beta of 0.55. Cranswick has a fifty-two week low of GBX 4,805 and a fifty-two week 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.

Insider Buying and Selling at Cranswick

In other Cranswick news, insider Christopher Aldersley purchased 3 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were bought at an average price of £5,350 per share, for a total transaction of £16,050. Also, insider Mark Bottomley sold 361 shares of Cranswick stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of GBX 5,545, for a total value of £20,017.45. Insiders have acquired 366 shares of company stock valued at $3,616,327 over the last 90 days. Corporate 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.