Cranswick (LON:CWK) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Cranswick plc (LON:CWK) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,374.41 and traded as high as GBX 5,450. Cranswick shares last traded at GBX 5,340, with a volume of 315,251 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,200 target price on shares of Cranswick in a research report on Monday, July 27th. Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and increased their price objective for the stock from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,300 price objective on shares of Cranswick in a research report on Tuesday, July 28th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 5,770 price objective on shares of Cranswick in a report on Tuesday, July 28th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research note on Friday, August 14th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 5,974.

Cranswick Stock Down 0.8%

The company has a market cap of £2.79 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.62 and a beta of 0.55. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.26. The business has a 50-day simple moving average of GBX 5,418.53 and a two-hundred day simple moving average of GBX 5,373.85.

Insiders Place Their Bets

In related news, insider Christopher Aldersley acquired 3 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were bought at an average cost of £5,350 per share, with a total value of £16,050. Also, insider Mark Bottomley sold 361 shares of Cranswick stock in a transaction on Thursday, July 30th. The shares were sold at an average price of GBX 5,545, for a total value of £20,017.45. Insiders purchased 366 shares of company stock valued at $3,617,290 over the last 90 days. 2.55% of the stock is currently owned by corporate insiders.

About Cranswick

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of c. £3.0 billion. The business employs over 16,000 people and operates from 23 well-invested, highly efficient facilities in the UK. Cranswick was formed in the early 1970s by farmers in East Yorkshire to produce animal feed and has since evolved into a business which produces a range of high-quality, predominantly fresh food, including fresh pork, poultry, convenience, gourmet products and pet food.