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

Shares of Cranswick plc (LON:CWK - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,011.49 ($67.25) and traded as high as GBX 5,310 ($71.26). Cranswick shares last traded at GBX 5,300 ($71.12), with a volume of 67,368 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CWK. Berenberg Bank reaffirmed a "hold" rating and set a GBX 5,370 ($72.06) target price on shares of Cranswick in a research note on Monday, March 31st. Shore Capital reaffirmed a "house stock" rating on shares of Cranswick in a research note on Tuesday, May 20th.

Cranswick Stock Performance

The firm has a market capitalization of £2.86 billion, a PE ratio of 25.22, a P/E/G ratio of 2.62 and a beta of 0.44. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.66 and a quick ratio of 1.02. The firm has a fifty day moving average price of GBX 5,205.24 and a 200 day moving average price of GBX 5,011.49.

Cranswick (LON:CWK - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported GBX 273.40 ($3.67) EPS for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. Research analysts anticipate that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mark Bottomley sold 378 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of GBX 5,300 ($71.12), for a total value of £20,034 ($26,884.06). Also, insider Jim Brisby sold 7,000 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of GBX 5,011 ($67.24), for a total value of £350,770 ($470,705.85). 4.54% of the stock is currently 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.

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