Shore Capital Reiterates House Stock Rating for Cranswick (LON:CWK)

Key Points

• Shore Capital has reaffirmed its "house stock" rating for Cranswick (LON:CWK), indicating continued confidence in the company's performance.
• Cranswick's stock price recently opened at GBX 5,220 ($70.20) and is down 1.1%, having a market cap of £2.81 billion and a PE ratio of 24.84.
• Insider transactions show mixed activity with Yetunde Hofmann buying 190 shares and Adam Couch selling 18,622 shares, highlighting ongoing insider trading dynamics within the firm.

Cranswick (LON:CWK - Get Free Report)'s stock had its "house stock" rating reissued by stock analysts at Shore Capital in a research note issued to investors on Friday, Marketbeat Ratings reports.

Cranswick Stock Down 0.4%

Shares of CWK traded down GBX 20 ($0.27) during midday trading on Friday, hitting GBX 5,260 ($70.75). The company had a trading volume of 45,174 shares, compared to its average volume of 121,039. The company's 50-day simple moving average is GBX 5,272.57 and its 200-day simple moving average is GBX 5,112.49. The company has a debt-to-equity ratio of 13.98, a quick ratio of 1.02 and a current ratio of 1.66. The firm has a market capitalization of £2.84 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.62 and a beta of 0.44. Cranswick has a 1 year low of GBX 4,515 ($60.73) and a 1 year high of GBX 5,590 ($75.18).

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

Insider Transactions at Cranswick

In other Cranswick news, insider Jim Brisby sold 12,346 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of GBX 5,218 ($70.18), for a total value of £644,214.28 ($866,461.71). Also, insider Christopher Aldersley sold 12,346 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of GBX 5,218 ($70.18), for a total value of £644,214.28 ($866,461.71). Over the last ninety days, insiders have bought 574 shares of company stock valued at $3,025,170 and have sold 60,038 shares valued at $314,037,280. 4.54% of the stock is owned by corporate insiders.

About Cranswick

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.