Cranswick (LON:CWK) Shares Cross Above 200 Day Moving Average – What’s Next?

Cranswick plc (LON:CWK)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,626.18 ($58.30) and traded as high as GBX 5,104.16 ($64.32). Cranswick shares last traded at GBX 5,050 ($63.64), with a volume of 93,019 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CWK shares. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research note on Monday, July 29th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 50 ($0.63) target price on shares of Cranswick in a research report on Monday, July 29th.

Cranswick Stock Performance

The stock has a market capitalization of £2.68 billion, a PE ratio of 2,416.27, a P/E/G ratio of 2.62 and a beta of 0.44. The company has a debt-to-equity ratio of 13.88, a current ratio of 1.66 and a quick ratio of 1.02. The business’s fifty day moving average price is GBX 4,957.89 and its 200-day moving average price is GBX 4,626.18.

Insiders Place Their Bets

In related news, insider Mark Bottomley sold 430 shares of Cranswick stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of GBX 4,658 ($58.70), for a total value of £20,029.40 ($25,241.84). Also, insider Christopher Aldersley sold 16,500 shares of Cranswick stock in a transaction on Friday, September 27th. The shares were sold at an average price of GBX 4,910 ($61.88), for a total transaction of £810,150 ($1,020,982.99). Insiders own 4.54% of the company’s stock.

Cranswick Company Profile

Cranswick plc manufactures and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. The company offers fresh pork, gourmet bacon and gammon, fresh and coated chicken, ready to eat chicken, charcuterie, houmous and dips, and olives and antipasti, gourmet sausages, cooked meats, and gourmet pastries, as well as provides food services.