Cranswick (LON:CWK) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical breakout: Cranswick's shares crossed above their 200-day moving average (200‑day MA GBX 5,088.96), trading as high as GBX 5,270 and last at GBX 5,170 on volume of 3,362,710 shares.
• Analyst sentiment: Three analysts rate the stock Buy and one rates it Hold, giving a consensus of Moderate Buy with an average target of GBX 5,790 and top targets up to GBX 6,100.
• Company fundamentals: Cranswick has a market cap of £2.77 billion, a P/E of 19.11 and a debt-to-equity ratio of 40.43, suggesting moderate valuation and leverage for a consumer-defensive food company.

Cranswick plc (LON:CWK - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,088.96 and traded as high as GBX 5,270. Cranswick shares last traded at GBX 5,170, with a volume of 3,362,710 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CWK shares. Peel Hunt reiterated a "buy" rating and issued a GBX 5,500 target price on shares of Cranswick in a research note on Tuesday, November 25th. 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. Jefferies Financial Group restated a "buy" rating on shares of Cranswick in a report on Monday, February 2nd. Shore Capital Group reaffirmed a "house stock" rating on shares of Cranswick in a research report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Cranswick from GBX 6,000 to GBX 6,100 and gave the stock a "buy" rating in a research note on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Cranswick presently has an average rating of "Moderate Buy" and a consensus target price of GBX 5,790.

Cranswick Stock Performance

The firm's 50 day moving average price is GBX 5,247.18 and its 200-day moving average price is GBX 5,088.96. The firm has a market cap of £2.77 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.62 and a beta of 0.59. The company has a debt-to-equity ratio of 40.43, a current ratio of 1.78 and a quick ratio of 1.02.

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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