Cranswick (LON:CWK) Stock Rating Upgraded by Peel Hunt

Key Points

• Peel Hunt upgraded Cranswick to “buy” and set a GBX 6,600 price target, implying approximately 29.6% upside from the previous close.
• Analyst sentiment is broadly positive: five analysts rate the stock a Buy, with an average rating of “Buy” and an average target price of GBX 6,256.
• Cranswick opened at GBX 5,093.60, with a market capitalization of approximately £2.73 billion and a 1-year trading range of GBX 4,805 to GBX 5,810.

Cranswick (LON:CWK - Get Free Report) was upgraded by equities researchers at Peel Hunt to a "buy" rating in a research note issued on Monday, Digital Look reports. The firm presently has a GBX 6,600 price objective on the stock. Peel Hunt's target price suggests a potential upside of 29.57% from the company's previous close.

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

Cranswick Stock Performance

CWK opened at GBX 5,093.60 on Monday. The company has a market capitalization of £2.73 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.76 and a quick ratio of 1.02. Cranswick has a 1-year low of GBX 4,805 and a 1-year high of GBX 5,810. The business has a 50 day moving average price of GBX 5,183.50 and a two-hundred day moving average price of GBX 5,332.38.

Insider Buying and Selling at Cranswick

In other news, insider Mark Bottomley sold 361 shares of the firm's stock in a transaction on 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 bought 3 shares of the business's stock in a transaction on Friday, August 21st. The shares were bought at an average price of £5,350 per share, for a total transaction of £16,050. Over the last 90 days, insiders have bought 366 shares of company stock worth $3,616,327. 2.55% of the stock is currently owned by corporate 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.

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