Cranswick (LON:CWK) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Cranswick plc (LON:CWK - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5,062.33 ($68.44) and traded as high as GBX 5,250 ($70.97). Cranswick shares last traded at GBX 5,230 ($70.70), with a volume of 56,803 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CWK shares. Shore Capital reissued a "house stock" rating on shares of Cranswick in a report on Tuesday, May 20th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 5,370 ($72.60) target price on shares of Cranswick in a research note on Monday, March 31st.

Cranswick Price Performance

The firm has a market cap of £2.83 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 2.62 and a beta of 0.44. The business's 50-day simple moving average is GBX 5,273.60 and its two-hundred day simple moving average is GBX 5,067.61. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98.

Cranswick (LON:CWK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported GBX 273.40 ($3.70) earnings per share (EPS) for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. As a group, research analysts expect that Cranswick plc will post 258.5590189 EPS for the current fiscal year.

Insider Activity

In other Cranswick news, insider Christopher Aldersley sold 12,346 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of GBX 5,218 ($70.54), for a total value of £644,214.28 ($870,912.91). Also, insider Yetunde Hofmann bought 190 shares of the business's stock in a transaction on Wednesday, July 9th. The stock was purchased at an average cost of GBX 5,208 ($70.41) per share, with a total value of £9,895.20 ($13,377.32). Over the last quarter, insiders bought 571 shares of company stock worth $3,009,420 and sold 56,038 shares worth $292,437,280. 4.54% of the stock is owned by company insiders.

Cranswick Company Profile

Cranswick is a leading and innovative British supplier of premium, fresh and added value food products, with revenues in excess of £2.0 billion. We produce and supply premium food to UK grocery retailers, the food service sector and other global food producers. Our core market is the United Kingdom where we provide a range of high quality, predominantly fresh food including Fresh Pork, Poultry, Convenience and Gourmet Products and more recently have further expanded our portfolio by adding high quality pet food.