Cranswick (LON:CWK) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Cranswick shares fell below their 200-day moving average, trading as low as GBX 4,950 before last changing hands at GBX 5,100 on heavy volume.
• Analysts remain broadly positive: four rate the stock a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of GBX 5,974.
• Cranswick has a £2.73 billion market capitalization and relatively modest leverage, while recent insider activity included purchases of 363 shares and a sale of 361 shares; insiders own 2.55% of the company.

Cranswick plc (LON:CWK - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5,352.90 and traded as low as GBX 4,950. Cranswick shares last traded at GBX 5,100, with a volume of 5,437,818 shares changing hands.

Wall Street Analyst Weigh In

CWK has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a "buy" rating and set a GBX 6,200 price objective on shares of Cranswick in a research note on Monday, July 27th. Royal Bank Of Canada upgraded Cranswick to an "outperform" rating and boosted their price target for the company from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th. Shore Capital Group reiterated a "house stock" rating on shares of Cranswick in a research note on Friday, August 14th. Berenberg Bank reissued a "hold" rating and issued a GBX 5,770 target price on shares of Cranswick in a report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 6,300 price objective on shares of Cranswick in a research note on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 5,974.

Cranswick Price Performance

The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. The firm has a market cap of £2.73 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The stock has a 50-day moving average of GBX 5,301.52 and a two-hundred day moving average of GBX 5,352.90.

Insider Buying and Selling at Cranswick

In other news, insider Christopher Aldersley bought 3 shares of the company's stock in a transaction on Friday, August 21st. The shares were bought at an average cost of £5,350 per share, with a total value of £16,050. Also, insider Mark Bottomley sold 361 shares of Cranswick 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 transaction of £20,017.45. Insiders have purchased 363 shares of company stock worth $3,600,940 over the last three months. 2.55% of the stock is owned by insiders.

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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