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

Shares of Cranswick plc (LON:CWK - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,981.28 ($67.04) and traded as high as GBX 5,450 ($73.35). Cranswick shares last traded at GBX 5,290 ($71.20), with a volume of 135,988 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CWK shares. Shore Capital reissued a "house stock" rating on shares of Cranswick in a report on Tuesday, May 20th. Berenberg Bank restated a "hold" rating and issued a GBX 5,370 ($72.27) price objective on shares of Cranswick in a research note on Monday, March 31st.

Cranswick Stock Performance

The company has a market capitalization of £2.87 billion, a PE ratio of 25.32, a PEG ratio of 2.62 and a beta of 0.44. The company has a 50 day moving average of GBX 5,092.98 and a two-hundred day moving average of GBX 4,985.26. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.66 and a quick ratio of 1.02.

Cranswick (LON:CWK - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported GBX 273.40 ($3.68) earnings per share for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. As a group, equities research analysts predict that Cranswick plc will post 258.5590189 earnings per share for the current year.

Insider Transactions at Cranswick

In other Cranswick news, insider Jim Brisby sold 7,000 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of GBX 5,011 ($67.44), for a total transaction of £350,770 ($472,099.60). Company insiders own 4.54% of the company's stock.

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.