Cranswick (LON:CWK) Stock Rating Upgraded by Peel Hunt

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

CWK has been the topic of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,200 price target on shares of Cranswick in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,300 price objective on shares of Cranswick in a report on Tuesday, July 28th. Berenberg Bank raised shares of Cranswick to a “buy” rating and boosted their target price for the stock from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Finally, Shore Capital Group restated a “house stock” rating on shares of Cranswick in a research note on Friday, August 14th. Five analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Cranswick presently has a consensus rating of “Buy” and an average target price of GBX 6,256.

Cranswick Stock Performance

Cranswick stock opened at GBX 5,200 on Monday. The stock has a market cap of £2.78 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. The stock has a 50 day moving average of GBX 5,173.11 and a 200-day moving average of GBX 5,332.87. Cranswick has a 52 week low of GBX 4,805 and a 52 week high of GBX 5,810.

Insider Buying and Selling

In other news, insider Mark Bottomley sold 361 shares of the business’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 company’s stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of £5,350 per share, for a total transaction of £16,050. In the last ninety days, insiders have acquired 366 shares of company stock worth $3,616,327. 2.55% of the stock is currently owned by company 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.