Cranswick plc (LON:CWK) Stock Has Consensus Target Price of GBX 6,036

Key Points

• Cranswick has a consensus “Buy” rating from five analysts, with an average 12-month price target of GBX 6,036.
• Recent analyst actions were positive: Deutsche Bank and Jefferies maintained “Buy” ratings, while Berenberg upgraded the stock and raised its target to GBX 6,080.
• Shares opened at GBX 5,080, down 0.6%, giving Cranswick a market capitalization of approximately £2.72 billion; the stock has traded between GBX 4,805 and GBX 5,810 over the past year.

Cranswick plc (LON:CWK - Get Free Report) has received a consensus rating of "Buy" from the five ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 6,036.

A number of analysts have recently issued reports on CWK shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 6,300 target price on shares of Cranswick in a report on Tuesday, July 28th. Shore Capital Group reissued a "house stock" rating on shares of Cranswick in a research report on Friday, August 14th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 6,200 price objective on shares of Cranswick in a research note on Monday, July 27th. Finally, Berenberg Bank raised Cranswick to a "buy" rating and increased their price objective for the stock from GBX 5,770 to GBX 6,080 in a research note on Tuesday, September 22nd.

Insider Transactions at Cranswick

In other news, insider Mark Bottomley sold 361 shares of the stock in a transaction that occurred on 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 purchased 3 shares of Cranswick stock in a transaction dated 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 a total of 366 shares of company stock worth $3,616,327 in the last quarter. 2.55% of the stock is owned by corporate insiders.

Cranswick Trading Down 0.6%

Cranswick stock opened at GBX 5,080 on Tuesday. The company has a 50 day moving average price of GBX 5,257.62 and a 200 day moving average price of GBX 5,345.77. Cranswick has a 52 week low of GBX 4,805 and a 52 week 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 firm has a market capitalization of £2.72 billion, a price-to-earnings ratio of 17.51, a P/E/G 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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