Cranswick plc (LON:CWK) Stock Now Rated "Buy" by Sell-Side Analysts

Key Points

• Cranswick has received a consensus “Buy” rating from all five analysts covering the stock, with an average 12-month price target of GBX 6,256.
• Analysts recently raised or reaffirmed their targets, ranging from GBX 6,080 at Berenberg to GBX 6,600 at Peel Hunt, compared with the stock’s Friday opening price of GBX 5,260.
• Cranswick has a market capitalization of approximately £2.81 billion and operates 23 UK facilities, supplying fresh and added-value food products while employing more than 16,000 people.

Shares of Cranswick plc (LON:CWK - Get Free Report) have been assigned an average recommendation of "Buy" from the five brokerages that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 6,256.

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 6,300 price objective on shares of Cranswick in a report on Tuesday, July 28th. Jefferies Financial Group restated a "buy" rating and set a GBX 6,200 price objective on shares of Cranswick in a research note on Monday, July 27th. Berenberg Bank upgraded Cranswick to a "buy" rating and upped their target price for the company from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Peel Hunt raised Cranswick to a "buy" rating and set a GBX 6,600 target price for the company in a research note on Monday, October 12th. Finally, Shore Capital Group restated a "house stock" rating on shares of Cranswick in a report on Friday, August 14th.

Cranswick Stock Up 1.0%

Shares of CWK stock opened at GBX 5,260 on Friday. The firm's fifty day moving average price is GBX 5,170.51 and its two-hundred day moving average price is GBX 5,330.56. 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 1 year low of GBX 4,805 and a 1 year high of GBX 5,810. The firm has a market capitalization of £2.81 billion, a P/E ratio of 18.13, a PEG ratio of 2.62 and a beta of 0.55.

Insiders Place Their Bets

In related news, insider Mark Bottomley sold 361 shares of Cranswick stock in a transaction on Thursday, July 30th. The stock was 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 company's stock in a transaction on Friday, August 21st. The stock was bought at an average price of £5,350 per share, for a total transaction of £16,050. Insiders acquired 367 shares of company stock worth $3,621,037 over the last ninety days. Insiders own 2.55% of the company's stock.

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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