Cranswick (LON:CWK) Shares Cross Above 200-Day Moving Average - Here's Why

Key Points

• Cranswick shares crossed above its 200-day moving average on Thursday, trading as high as GBX 5,400 and last at GBX 5,270 versus the 200-day MA of GBX 5,152.04, on a volume of 146,582 shares.
• Analysts show a consensus of "Moderate Buy" (three Buy, one Hold) with a consensus target price of GBX 5,790; Jefferies reiterated a Buy while Berenberg maintains a Hold with a GBX 5,770 target.
• Insiders have been net sellers recently — they bought 8 shares and sold 707 shares in the last 90 days — and currently own 2.54% of the company.

Cranswick plc (LON:CWK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,152.04 and traded as high as GBX 5,400. Cranswick shares last traded at GBX 5,270, with a volume of 146,582 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Cranswick in a research report on Monday, February 2nd. Berenberg Bank reissued a "hold" rating and set a GBX 5,770 target price on shares of Cranswick in a research report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 5,790.

Cranswick Price Performance

The company has a market cap of £2.80 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. The company has a debt-to-equity ratio of 40.43, a quick ratio of 1.02 and a current ratio of 1.78. The stock has a 50 day moving average of GBX 5,284.75 and a 200-day moving average of GBX 5,152.04.

Insiders Place Their Bets

In related news, insider Adam Couch sold 347 shares of the firm's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 507, for a total value of £1,759.29. Also, insider Mark Bottomley sold 250 shares of the firm's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of GBX 5,097, for a total value of £12,742.50. In the last 90 days, insiders purchased 8 shares of company stock valued at $42,490 and sold 707 shares valued at $2,010,739. Company insiders own 2.54% of the company's stock.

Cranswick Company Profile

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of more than £2.7 billion. The business employs over 15,400 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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