Insider Buying: Cranswick plc (LON:CWK) Insider Buys 315 Shares of Stock

Cranswick plc (LON:CWKGet Rating) insider Mark Reckitt purchased 315 shares of Cranswick stock in a transaction on Wednesday, November 23rd. The stock was bought at an average cost of GBX 3,170 ($37.48) per share, with a total value of £9,985.50 ($11,807.38).

Cranswick Price Performance

LON:CWK opened at GBX 3,186 ($37.67) on Thursday. The company has a 50-day moving average of GBX 2,881.37 and a 200-day moving average of GBX 3,032.28. The company has a market capitalization of £1.71 billion and a price-to-earnings ratio of 1,620.49. Cranswick plc has a 52 week low of GBX 2,548 ($30.13) and a 52 week high of GBX 3,888 ($45.97). The company has a debt-to-equity ratio of 13.81, a quick ratio of 0.91 and a current ratio of 1.54.

Cranswick Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 27th. Stockholders of record on Thursday, December 15th will be issued a dividend of GBX 20.60 ($0.24) per share. This represents a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, December 15th. Cranswick’s payout ratio is 36.56%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CWK shares. Shore Capital reissued a “house stock” rating on shares of Cranswick in a report on Tuesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,000 ($47.30) price objective on shares of Cranswick in a report on Wednesday.

About Cranswick

(Get Rating)

Cranswick plc manufactures and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. The company offers fresh pork, gourmet bacon and gammon, fresh and coated chicken, ready to eat chicken, charcuterie, houmous and dips, and olives and antipasti, gourmet sausages, cooked meats, gourmet pastries, and ingredients, as well as cheeses and pasta.

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