Cranswick (LON:CWK) Stock Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Cranswick shares crossed above their 200-day moving average, reaching GBX 5,450 before last trading at GBX 5,340 on volume of 315,251 shares.
• Analysts remain broadly positive, with four Buy ratings and one Hold rating. MarketBeat reports a consensus “Moderate Buy” rating and an average price target of GBX 5,974.
• The company has a £2.86 billion market capitalization and a P/E ratio of 18.40; insider ownership stands at 2.55%, with recent insider purchases outweighing sales.

Cranswick plc (LON:CWK - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,374.41 and traded as high as GBX 5,450. Cranswick shares last traded at GBX 5,340, with a volume of 315,251 shares.

Analysts Set New Price Targets

Several analysts have recently commented on CWK shares. Shore Capital Group restated a "house stock" rating on shares of Cranswick in a research report on Friday, August 14th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 5,770 target price on shares of Cranswick in a report on Tuesday, July 28th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 6,200 price target on shares of Cranswick in a research note on Monday, July 27th. Royal Bank Of Canada raised Cranswick to an "outperform" rating and raised their price target for the company from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 6,300 price objective on shares of Cranswick in a research report on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Cranswick currently has a consensus rating of "Moderate Buy" and an average price target of GBX 5,974.

Cranswick Stock Down 0.9%

The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.02 and a current ratio of 1.76. The company's fifty day moving average price is GBX 5,424.93 and its 200-day moving average price is GBX 5,374.41. The stock has a market cap of £2.86 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55.

Insider Activity

In other Cranswick news, insider Mark Bottomley sold 361 shares of the business's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Also, insider Christopher Aldersley bought 3 shares of the company's stock in a transaction on Friday, August 21st. The shares were acquired at an average price of £5,350 per share, with a total value of £16,050. In the last three months, insiders acquired 366 shares of company stock valued at $3,617,290. 2.55% of the stock is owned by insiders.

Cranswick Company Profile

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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