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

Cranswick (LON:CWK) was upgraded by stock analysts at Peel Hunt to a “buy” rating in a report issued on Monday, Digital Look reports. The brokerage presently has a GBX 6,600 price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 26.44% from the stock’s previous close.

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

Cranswick Stock Up 1.8%

Shares of LON CWK opened at GBX 5,220 on Monday. The company has a market capitalization of £2.79 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. Cranswick has a 52-week low of GBX 4,805 and a 52-week high of GBX 5,810. 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 company’s 50 day moving average price is GBX 5,175.49 and its 200-day moving average price is GBX 5,332.17.

Insider Activity at Cranswick

In related news, insider Mark Bottomley sold 361 shares of the stock in a transaction 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 bought 3 shares of the business’s 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. In the last 90 days, insiders have bought 366 shares of company stock valued at $3,616,327. Corporate 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.