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

Key Points

• Analysts at Shore Capital have reaffirmed their "house stock" rating for Cranswick (LON:CWK), indicating continued confidence in the company's performance.
• Berenberg Bank set a price target of GBX 5,370 ($72.16) for Cranswick shares while maintaining a "hold" rating.
• Insider sales included 12,346 shares sold by two individuals on July 8th, each at an average price of GBX 5,218 ($70.12), totaling £644,214.28 ($865,646.71).

Cranswick (LON:CWK - Get Free Report)'s stock had its "house stock" rating reissued by analysts at Shore Capital in a report released on Monday,London Stock Exchange reports.

Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 5,370 ($72.16) price objective on shares of Cranswick in a research report on Monday, March 31st.

Cranswick Trading Down 0.2%

Shares of CWK opened at GBX 5,308.80 ($71.34) on Monday. The company has a debt-to-equity ratio of 13.98, a quick ratio of 1.02 and a current ratio of 1.66. Cranswick has a 52-week low of GBX 4,440 ($59.66) and a 52-week high of GBX 5,590 ($75.11). The firm has a market cap of £2.86 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 2.62 and a beta of 0.44. The business's fifty day moving average is GBX 5,287.56 and its 200-day moving average is GBX 5,083.14.

Cranswick (LON:CWK - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported GBX 273.40 ($3.67) earnings per share (EPS) for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. Equities analysts anticipate that Cranswick will post 258.5590189 EPS for the current fiscal year.

Insider Activity

In other news, insider Mark Bottomley sold 12,346 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of GBX 5,218 ($70.12), for a total value of £644,214.28 ($865,646.71). Also, insider Christopher Aldersley sold 12,346 shares of Cranswick stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of GBX 5,218 ($70.12), for a total transaction of £644,214.28 ($865,646.71). In the last ninety days, insiders acquired 574 shares of company stock valued at $3,025,170 and sold 60,038 shares valued at $314,037,280. Company insiders own 4.54% of the company's stock.

Cranswick Company Profile

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.

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