Cranswick (LON:CWK) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Cranswick shares fell below their 200-day moving average, trading as low as GBX 5,270 before closing at GBX 5,280, amid volume of approximately 7.77 million shares.
• Despite the technical weakness, analysts remain bullish: five analysts rate the stock “Buy,” with a consensus price target of GBX 6,256 versus the latest share price.
• Company insiders purchased shares worth approximately £3.62 million over the past 90 days, while insiders collectively own 2.55% of Cranswick.

Cranswick plc (LON:CWK - Get Free Report) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 5,298.13 and traded as low as GBX 5,270. Cranswick shares last traded at GBX 5,280, with a volume of 7,770,926 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CWK. Jefferies Financial Group reiterated a "buy" rating and set a GBX 6,200 price target on shares of Cranswick in a report on Monday, July 27th. Shore Capital Group restated a "house stock" rating on shares of Cranswick in a report on Friday, August 14th. Berenberg Bank raised Cranswick to a "buy" rating and upped their price objective for the company from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Peel Hunt raised Cranswick to a "buy" rating and set a GBX 6,600 price objective on the stock in a research report on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 6,300 target price on shares of Cranswick in a research note on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 6,256.

Cranswick Price Performance

The firm has a fifty day moving average of GBX 5,174.09 and a 200 day moving average of GBX 5,298.13. The company has a market capitalization of £2.83 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.62 and a beta of 0.55. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26.

Insider Transactions at Cranswick

In related news, insider Mark Bottomley acquired 358 shares of the firm's stock in a transaction dated Thursday, July 30th. The stock was purchased at an average cost of GBX 5,545 per share, with a total value of £19,851.10. Also, insider Christopher Aldersley acquired 3 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were bought at an average cost of £5,350 per share, with a total value of £16,050. In the last ninety days, insiders have bought 367 shares of company stock worth $3,621,037. Insiders own 2.55% of the company's stock.

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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