Cranswick (LON:CWK) Stock Rating 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 on Monday, Digital Look reports. The firm currently has a GBX 6,600 price target on the stock. Peel Hunt’s price target suggests a potential upside of 26.68% from the stock’s previous close.

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

Cranswick Price Performance

Shares of CWK traded up GBX 80 during mid-day trading on Monday, reaching GBX 5,210. The stock had a trading volume of 9,345,021 shares, compared to its average volume of 540,555. The firm has a market cap of £2.79 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.62 and a beta of 0.55. 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 business has a fifty day moving average of GBX 5,175.49 and a 200 day moving average of GBX 5,332.17. Cranswick has a 12 month low of GBX 4,805 and a 12 month high of GBX 5,810.

Insider Buying and Selling

In other news, insider Christopher Aldersley bought 3 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average cost 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 that occurred on Thursday, July 30th. The stock was sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Insiders have purchased a total of 366 shares of company stock valued at $3,616,327 in the last ninety 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.