Cranswick (LON:CWK) Upgraded at Peel Hunt

Cranswick (LON:CWK) was upgraded by analysts at Peel Hunt to a “buy” rating in a research note issued to investors on Monday, Digital Look reports. The firm presently has a GBX 6,600 price target on the stock. Peel Hunt’s target price indicates a potential upside of 27.41% from the company’s current price.

CWK has been the subject of several other reports. Shore Capital Group restated a “house stock” rating on shares of Cranswick in a research note on Friday, August 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,200 target price on shares of Cranswick in a report on Monday, July 27th. Berenberg Bank raised Cranswick to a “buy” rating and lifted their target price for the company from GBX 5,770 to GBX 6,080 in a research note on Tuesday, September 22nd. Finally, 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. Five analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Cranswick currently has an average rating of “Buy” and an average price target of GBX 6,256.

Cranswick Price Performance

Shares of CWK stock traded down GBX 30 during mid-day trading on Monday, reaching GBX 5,180. The stock had a trading volume of 106,849 shares, compared to its average volume of 493,225. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. Cranswick has a 12-month low of GBX 4,805 and a 12-month high of GBX 5,810. The company has a market cap of £2.77 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The business has a 50-day simple moving average of GBX 5,174.69 and a 200 day simple moving average of GBX 5,332.80.

Insider Activity

In related 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 transaction of £20,017.45. Also, insider Christopher Aldersley acquired 3 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were bought at an average cost of £5,350 per share, for a total transaction of £16,050. Over the last quarter, insiders have bought 366 shares of company stock worth $3,616,327. 2.55% of the stock is owned by company insiders.

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.