Cranswick plc (LON:CWK) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Cranswick a “Moderate Buy” consensus: Four of five analysts rate the stock a buy, while one recommends holding it. The average 12-month price target is GBX 5,974, above the reported opening price of GBX 5,259.68.
• Recent research was generally positive, including Deutsche Bank’s GBX 6,300 target, Jefferies’ GBX 6,200 target and RBC’s upgrade to “outperform” with a GBX 6,100 target; Berenberg maintained a “hold” rating at GBX 5,770.
• Insiders were net sellers over the past quarter, selling 25,861 shares valued at approximately $142.5 million versus 366 shares acquired. Cranswick has a £2.81 billion market capitalization, a 5.31% net margin and a 14.99% return on equity.

Shares of Cranswick plc (LON:CWK - Get Free Report) have received a consensus rating of "Moderate Buy" from the five analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 5,974.

CWK has been the subject of several research analyst reports. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 5,770 price objective on shares of Cranswick in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 6,300 target price on shares of Cranswick in a report on Tuesday, July 28th. Royal Bank Of Canada raised Cranswick to an "outperform" rating and lifted their price target for the stock from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 6,200 price objective on shares of Cranswick in a research report on Monday, July 27th. Finally, Shore Capital Group reissued a "house stock" rating on shares of Cranswick in a research note on Monday, July 27th.

Insider Buying and Selling at Cranswick

In other news, insider Mark Bottomley sold 361 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of GBX 5,545, for a total value of £20,017.45. Also, insider Jim Brisby sold 16,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of GBX 5,533, for a total transaction of £912,945. Over the last quarter, insiders have acquired 366 shares of company stock valued at $2,028,799 and have sold 25,861 shares valued at $142,526,245. Insiders own 2.55% of the company's stock.

Cranswick Stock Performance

LON:CWK opened at GBX 5,259.68 on Monday. The firm's fifty day simple moving average is GBX 5,489.60 and its 200-day simple moving average is GBX 5,365.54. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.26. The stock has a market cap of £2.81 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. Cranswick has a fifty-two week low of GBX 4,805 and a fifty-two week high of GBX 5,810.

Cranswick (LON:CWK - Get Free Report) last released its quarterly earnings data on Tuesday, May 19th. The company reported GBX 301.70 EPS for the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. The firm had revenue of GBX 298.25 billion for the quarter. Analysts expect that Cranswick will post 258.5590189 earnings per share for the current fiscal year.

About Cranswick

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of c. £3.0 billion. The business employs over 16,000 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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