Cranswick plc (LON:CWK) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Cranswick has a “Moderate Buy” consensus rating from five analysts: four recommend buying and one advises holding. The average 12-month price target is GBX 5,974.
• Recent broker actions were broadly positive, including Deutsche Bank’s GBX 6,300 target, Jefferies’ GBX 6,200 target, and RBC’s upgrade to “outperform” with a GBX 6,100 target.
• Cranswick shares opened at GBX 5,237, with a market capitalization of approximately £2.80 billion and a one-year trading range of GBX 4,805 to GBX 5,810. Insiders own 2.55% of the company, with recent buying outweighing selling.

Shares of Cranswick plc (LON:CWK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 5,974.

CWK has been the subject of a number of research reports. 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. Jefferies Financial Group reissued a "buy" rating and issued a GBX 6,200 price target on shares of Cranswick in a research note on Monday, July 27th. Shore Capital Group restated a "house stock" rating on shares of Cranswick in a research report on Friday, August 14th. Royal Bank Of Canada raised shares of Cranswick to an "outperform" rating and upped their price objective for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 5,770 price objective on shares of Cranswick in a report on Tuesday, July 28th.

Insider Buying and Selling

In other news, insider Mark Bottomley sold 361 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total value of £20,017.45. Also, insider Christopher Aldersley purchased 3 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average cost of £5,350 per share, with a total value of £16,050. Insiders bought 366 shares of company stock valued at $3,617,290 over the last 90 days. Company insiders own 2.55% of the company's stock.

Cranswick Stock Up 0.3%

Shares of CWK opened at GBX 5,237 on Friday. The stock has a 50 day moving average price of GBX 5,410.33 and a 200 day moving average price of GBX 5,372.91. Cranswick has a one year low of GBX 4,805 and a one year high of GBX 5,810. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.02 and a current ratio of 1.76. The stock has a market capitalization of £2.80 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.62 and a beta of 0.55.

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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