Berenberg Bank Reiterates “Hold” Rating for Cranswick (LON:CWK)

Cranswick (LON:CWK)‘s stock had its “hold” rating restated by analysts at Berenberg Bank in a research note issued on Monday,Digital Look reports. They presently have a GBX 400 ($5.17) price target on the stock. Berenberg Bank’s price objective suggests a potential downside of 91.87% from the company’s previous close.

Separately, Shore Capital restated a “house stock” rating on shares of Cranswick in a research note on Thursday, March 20th.

Cranswick Stock Performance

Shares of Cranswick stock traded up GBX 12.20 ($0.16) on Monday, reaching GBX 4,917.20 ($63.53). 46,375 shares of the stock were exchanged, compared to its average volume of 112,774. The firm has a market capitalization of £2.65 billion, a PE ratio of 23.40, a PEG ratio of 2.62 and a beta of 0.44. Cranswick has a 1-year low of GBX 3,995 ($51.61) and a 1-year high of GBX 5,260 ($67.96). The business has a fifty day moving average price of GBX 4,948.93 and a two-hundred day moving average price of GBX 4,945.83. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98.

Insiders Place Their Bets

In other news, insider Jim Brisby sold 7,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of GBX 5,011 ($64.74), for a total value of £350,770 ($453,191.21). 4.54% of the stock is currently owned by company insiders.

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.