Cranswick plc (CWK) Receives Average Rating of “Hold” from Brokerages

Cranswick plc (LON:CWK) has been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,945 ($39.94).

Several analysts recently issued reports on the company. Berenberg Bank lifted their target price on Cranswick from GBX 3,225 ($43.73) to GBX 3,450 ($46.79) and gave the company a “buy” rating in a research note on Friday, December 15th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,300 ($44.75) price objective on shares of Cranswick in a research note on Monday, December 4th. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research note on Tuesday, November 28th. Numis Securities raised Cranswick to an “add” rating and lifted their price objective for the stock from GBX 2,870 ($38.92) to GBX 3,350 ($45.43) in a research note on Tuesday, November 28th. Finally, Whitman Howard reaffirmed a “hold” rating and issued a GBX 2,700 ($36.62) price objective on shares of Cranswick in a research note on Friday, September 29th.

Cranswick (LON CWK) opened at GBX 3,314 ($44.94) on Wednesday. The company has a market capitalization of $1,690.00 and a PE ratio of 2,529.77. Cranswick has a 12 month low of GBX 2,226 ($30.19) and a 12 month high of GBX 3,497.81 ($47.43).

Cranswick (LON:CWK) last issued its earnings results on Tuesday, November 28th. The company reported GBX 70 ($0.95) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 67.20 ($0.91) by GBX 2.80 ($0.04). The company had revenue of £714.60 million for the quarter. Cranswick had a return on equity of 16.34% and a net margin of 4.98%.

The company also recently disclosed a dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, December 7th will be paid a GBX 15.10 ($0.20) dividend. This represents a yield of 0.48%. The ex-dividend date is Thursday, December 7th.

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About Cranswick

Cranswick plc is a supplier of food products. The Company operates through Foods segment, which is engaged in the manufacture and supply of food products to the United Kingdom grocery retailers, the food service sector and other food producers. The Company provides a range of pork, gourmet sausages, cooked meats, cooked poultry, charcuterie, hand-cured and air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.

Analyst Recommendations for Cranswick (LON:CWK)

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