Cranswick (LON:CWK) Sets New 52-Week High – Still a Buy?

Cranswick plc (LON:CWK)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 5,620 and last traded at GBX 5,599.99, with a volume of 721451 shares changing hands. The stock had previously closed at GBX 5,228.79.

Analysts Set New Price Targets

CWK has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Cranswick in a research note on Monday, February 2nd. Berenberg Bank reiterated a “hold” rating and issued a GBX 5,770 price objective on shares of Cranswick in a research note on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 5,790.

Cranswick Price Performance

The business’s fifty day simple moving average is GBX 5,263.55 and its 200-day simple moving average is GBX 5,156.33. The company has a current ratio of 1.78, a quick ratio of 1.02 and a debt-to-equity ratio of 40.43. The firm has a market cap of £2.99 billion, a P/E ratio of 20.66, a PEG ratio of 2.62 and a beta of 0.56.

Insider Buying and Selling at Cranswick

In related news, insider Mark Bottomley sold 250 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of GBX 5,097, for a total value of £12,742.50. Also, insider Adam Couch sold 347 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 507, for a total value of £1,759.29. In the last ninety days, insiders bought 8 shares of company stock worth $42,490 and sold 707 shares worth $2,010,739. Corporate insiders own 2.54% 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 more than £2.7 billion. The business employs over 15,400 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.