Cranswick (LON:CWK) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Cranswick plc's stock price has fallen below its 200-day moving average, recording a trading price as low as GBX 4,845 ($65.05).
• Shore Capital has reaffirmed a "house stock" rating for Cranswick, with an average target price of GBX 5,370 amid a current average rating of "Hold".
• Insider Jim Brisby sold 4,000 shares at an average price of GBX 5,400, while recent insider purchases totaled only 9 shares valued at $31,074.

Cranswick plc (LON:CWK - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 5,157.79 ($69.25) and traded as low as GBX 4,845 ($65.05). Cranswick shares last traded at GBX 4,850 ($65.12), with a volume of 123,804 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Cranswick in a research note on Tuesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of GBX 5,370.

Cranswick Price Performance

The business has a fifty day simple moving average of GBX 5,138 and a two-hundred day simple moving average of GBX 5,157.79. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98. The stock has a market cap of £2.58 billion, a PE ratio of 1,959.57, a P/E/G ratio of 2.62 and a beta of 0.44.

Insider Buying and Selling at Cranswick

In other Cranswick news, insider Jim Brisby sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of GBX 5,400, for a total transaction of £216,000. In the last quarter, insiders purchased 9 shares of company stock worth $31,074. 2.54% of the stock is currently owned by corporate insiders.

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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