Cranswick (LON:CWK) Shares Pass Above Two Hundred Day Moving Average of $3,866.10

Cranswick plc (LON:CWK) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,866.10 ($48.13) and traded as high as GBX 4,125 ($51.35). Cranswick shares last traded at GBX 4,090 ($50.91), with a volume of 234,548 shares changing hands.

Analysts Set New Price Targets

Several research firms have issued reports on CWK. Redburn Partners started coverage on shares of Cranswick in a research note on Wednesday, March 20th. They set a “buy” rating and a GBX 4,900 ($61.00) price objective for the company. Berenberg Bank upped their price target on shares of Cranswick from GBX 4,694 ($58.43) to GBX 4,921 ($61.26) and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Shore Capital reiterated a “house stock” rating on shares of Cranswick in a report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Cranswick has a consensus rating of “Moderate Buy” and an average price target of GBX 4,405.25 ($54.84).

Cranswick Stock Down 0.1 %

The firm’s 50 day moving average price is GBX 4,041.69 and its two-hundred day moving average price is GBX 3,866.10. The firm has a market capitalization of £2.20 billion, a PE ratio of 1,740.43, a P/E/G ratio of 2.62 and a beta of 0.44. The company has a quick ratio of 1.02, a current ratio of 1.81 and a debt-to-equity ratio of 19.32.

Insiders Place Their Bets

In related news, insider Christopher Aldersley sold 1,330 shares of Cranswick stock in a transaction on Monday, March 25th. The shares were sold at an average price of GBX 4,090 ($50.91), for a total value of £54,397 ($67,716.92). In other Cranswick news, insider Mark Bottomley sold 400 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of GBX 4,184 ($52.09), for a total transaction of £16,736 ($20,834.06). Also, insider Christopher Aldersley sold 1,330 shares of Cranswick stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of GBX 4,090 ($50.91), for a total value of £54,397 ($67,716.92). 4.89% of the stock is owned by company insiders.

Cranswick Company Profile

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, and gourmet pastries, as well as provides food services.