Cranswick (LON:CWK) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Cranswick plc (LON:CWK - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,033.73 ($68.74) and traded as high as GBX 5,370 ($73.33). Cranswick shares last traded at GBX 5,296.38 ($72.33), with a volume of 402,724 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Shore Capital reissued a "house stock" rating on shares of Cranswick in a research report on Tuesday, May 20th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 5,370 ($73.33) price target on shares of Cranswick in a research note on Monday, March 31st.

Cranswick Trading Up 1.6%

The firm has a market cap of £2.89 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 2.62 and a beta of 0.44. The firm's 50-day moving average is GBX 5,266.89 and its 200-day moving average is GBX 5,033.73. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98.

Cranswick (LON:CWK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported GBX 273.40 ($3.73) earnings per share (EPS) for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.64%. As a group, sell-side analysts anticipate that Cranswick plc will post 258.5590189 EPS for the current fiscal year.

Insider Transactions at Cranswick

In other Cranswick news, insider Mark Bottomley sold 378 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of GBX 5,300 ($72.37), for a total transaction of £20,034 ($27,357.64). In the last three months, insiders bought 381 shares of company stock worth $2,019,900. 4.54% of the stock is currently owned by 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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