Cranswick (LON:CWK) Stock Lifted to Buy by Peel Hunt

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

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

Cranswick Stock Performance

LON:CWK traded down GBX 20 during mid-day trading on Monday, hitting GBX 5,130. The company’s stock had a trading volume of 111,116 shares, compared to its average volume of 496,426. Cranswick has a 1 year low of GBX 4,805 and a 1 year high of GBX 5,810. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.76 and a quick ratio of 1.02. The stock has a market cap of £2.75 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 2.62 and a beta of 0.55. The business’s fifty day moving average is GBX 5,178.29 and its two-hundred day moving average is GBX 5,332.45.

Insiders Place Their Bets

In other news, insider Mark Bottomley sold 361 shares of the 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. Also, insider Christopher Aldersley bought 3 shares of Cranswick stock in a transaction dated Friday, August 21st. The stock was acquired at an average price of £5,350 per share, with a total value of £16,050. Insiders acquired a total of 366 shares of company stock worth $3,616,327 in the last 90 days. 2.55% of the stock is currently owned by 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.