Cranswick (LON:CWK) Upgraded at Peel Hunt

Cranswick (LON:CWK) was upgraded by research analysts at Peel Hunt to a “buy” rating in a research note issued on Monday, Digital Look reports. The brokerage currently has a GBX 6,600 price objective on the stock. Peel Hunt’s price objective suggests a potential upside of 28.65% from the stock’s current price.

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

Cranswick Trading Down 0.4%

Cranswick stock traded down GBX 20 during mid-day trading on Monday, hitting GBX 5,130. The stock had a trading volume of 111,116 shares, compared to its average volume of 496,426. The stock has a 50-day simple moving average of GBX 5,175.49 and a two-hundred day simple moving average of GBX 5,332.17. 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 stock has a market capitalization of £2.75 billion, a PE ratio of 17.68, a P/E/G ratio of 2.62 and a beta of 0.55. Cranswick has a 12 month low of GBX 4,805 and a 12 month high of GBX 5,810.

Insider Transactions at Cranswick

In related news, insider Christopher Aldersley bought 3 shares of Cranswick stock in a transaction on Friday, August 21st. The shares were purchased at an average price of £5,350 per share, for a total transaction of £16,050. Also, insider Mark Bottomley sold 361 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total value of £20,017.45. Insiders purchased 366 shares of company stock valued at $3,616,327 in the last quarter. 2.55% of the stock is currently owned by corporate insiders.

Cranswick Company Profile

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.