Cranswick (LON:CWK) Raised to Buy at Peel Hunt

Cranswick (LON:CWK) was upgraded by equities researchers at Peel Hunt to a “buy” rating in a research note issued to investors on Monday, October 12th, Digital Look reports. The brokerage presently has a GBX 6,600 price objective on the stock. Peel Hunt’s target price suggests a potential upside of 26.92% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,300 target price on shares of Cranswick in a research report on Tuesday, July 28th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research note on Friday, August 14th. Berenberg Bank raised Cranswick to a “buy” rating and upped their price target for the stock from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,200 target price on shares of Cranswick in a report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 6,256.

Cranswick Stock Down 0.2%

Shares of CWK traded down GBX 10 during midday trading on Monday, reaching GBX 5,200. 141,009 shares of the stock were exchanged, compared to its average volume of 491,581. 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 company has a market cap of £2.78 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 2.62 and a beta of 0.55. Cranswick has a 12-month low of GBX 4,805 and a 12-month high of GBX 5,810. The firm has a 50 day simple moving average of GBX 5,173.11 and a 200-day simple moving average of GBX 5,332.87.

Insider Activity

In other Cranswick news, insider Christopher Aldersley acquired 3 shares of Cranswick stock in a transaction on Friday, August 21st. The stock was purchased at an average price of £5,350 per share, for a total transaction of £16,050. Also, insider Mark Bottomley sold 361 shares of Cranswick stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total value of £20,017.45. Insiders have bought 366 shares of company stock worth $3,616,327 in the last quarter. Company insiders own 2.55% of the company’s stock.

Cranswick Company Profile

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.