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

Cranswick (LON:CWK) was upgraded by stock analysts at Peel Hunt to a “buy” rating in a research report issued on Monday, Digital Look reports. The firm currently has a GBX 6,600 price target on the stock. Peel Hunt’s target price would suggest a potential upside of 27.24% from the company’s previous close.

Several other analysts also recently weighed in on the stock. 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. Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,300 price target on shares of Cranswick in a report on Tuesday, July 28th. Finally, Berenberg Bank upgraded shares of Cranswick to a “buy” rating and raised their price objective for the company from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 6,256.

Cranswick Stock Performance

Shares of CWK opened at GBX 5,187 on Monday. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.02 and a current ratio of 1.76. The stock has a market capitalization of £2.78 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.62 and a beta of 0.55. The company’s fifty day moving average is GBX 5,174.69 and its two-hundred day moving average is GBX 5,332.80. Cranswick has a 1 year low of GBX 4,805 and a 1 year high of GBX 5,810.

Insider Buying and Selling

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