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

Key Points

• Cranswick (LON:CWK) crossed above its 200-day moving average
• Analyst sentiment is mildly positive with a consensus rating of Moderate Buy (three Buys, one Hold) and an average target price of GBX 5,790.
• Insider selling has outweighed buying over the past three months (8 shares bought vs. 707 sold, ~£2.01m sold), insiders own 2.54%; the company has a market cap of £2.87bn and a P/E of 19.84.

Cranswick plc (LON:CWK - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,100.34 and traded as high as GBX 5,430. Cranswick shares last traded at GBX 5,350, with a volume of 79,541 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CWK. Jefferies Financial Group reiterated a "buy" rating on shares of Cranswick in a report on Monday, February 2nd. Berenberg Bank reiterated a "hold" rating and issued a GBX 5,770 price objective on shares of Cranswick in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 5,790.

Cranswick Stock Up 0.4%

The company has a quick ratio of 1.02, a current ratio of 1.78 and a debt-to-equity ratio of 40.43. The company has a market capitalization of £2.87 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 2.62 and a beta of 0.59. The stock's fifty day moving average price is GBX 5,283.28 and its 200-day moving average price is GBX 5,100.34.

Insider Buying and Selling at Cranswick

In related news, insider Adam Couch sold 347 shares of the firm's stock in a transaction on Monday, March 23rd. The shares were 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 shares were sold at an average price of GBX 5,097, for a total transaction of £12,742.50. Over the last three months, insiders purchased 8 shares of company stock valued at $41,470 and sold 707 shares valued at $2,010,739. 2.54% of the stock is currently owned by company insiders.

About Cranswick

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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