Cranswick (LON:CWK) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Technical signal: Cranswick shares crossed above their 200-day moving average (GBX 5,141.21), trading as high as GBX 5,340 and last at GBX 5,309.29 on volume of 105,253 shares.
• Analyst view: Three analysts rate the stock a Buy and one a Hold, giving a consensus rating of Moderate Buy with a consensus target price of GBX 5,790.
• Fundamentals and insider activity: The company has a market cap of £2.84bn, a P/E of 19.59 and debt-to-equity of 40.43, while insiders were net sellers over the last 90 days (707 shares sold vs 8 bought) and hold 2.54% of the stock.

Cranswick plc (LON:CWK - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,141.21 and traded as high as GBX 5,340. Cranswick shares last traded at GBX 5,309.29, with a volume of 105,253 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on CWK. Berenberg Bank restated a "hold" rating and set a GBX 5,770 price objective on shares of Cranswick in a report on Tuesday, January 27th. Jefferies Financial Group reiterated a "buy" rating on shares of Cranswick in a report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 5,790.

Cranswick Trading Up 0.6%

The company has a debt-to-equity ratio of 40.43, a current ratio of 1.78 and a quick ratio of 1.02. The firm has a market capitalization of £2.84 billion, a PE ratio of 19.59, a P/E/G ratio of 2.62 and a beta of 0.57. The company's fifty day simple moving average is GBX 5,288.25 and its 200-day simple moving average is GBX 5,141.21.

Insider Buying and Selling

In other Cranswick news, insider Mark Bottomley sold 110 shares of the firm's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of GBX 5,096, for a total transaction of £5,605.60. Also, insider Adam Couch sold 347 shares of Cranswick 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. Over the last 90 days, insiders bought 8 shares of company stock valued at $42,490 and sold 707 shares valued at $2,010,739. 2.54% of the stock is owned by corporate 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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