Berenberg Bank Reaffirms “Hold” Rating for Cranswick (LON:CWK)

Cranswick (LON:CWK)‘s stock had its “hold” rating restated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They currently have a GBX 5,770 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 4.79% from the company’s current price.

Several other equities analysts also recently weighed in on CWK. Jefferies Financial Group restated a “buy” rating and issued a GBX 62 target price on shares of Cranswick in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 6,100 target price on shares of Cranswick in a research report on Wednesday, May 20th. Finally, Shore Capital Group restated a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,358.

Cranswick Stock Down 0.2%

Shares of LON CWK opened at GBX 5,506.50 on Tuesday. The company’s 50-day simple moving average is GBX 5,290.55 and its 200-day simple moving average is GBX 5,176.04. Cranswick has a 52-week low of GBX 4,805 and a 52-week high of GBX 5,620. The firm has a market cap of £2.95 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.60.

Cranswick (LON:CWK) last posted its quarterly earnings data on Tuesday, May 19th. The company reported GBX 301.70 EPS for the quarter. Cranswick had a return on equity of 14.99% and a net margin of 5.31%.The company had revenue of GBX 298.25 billion during the quarter. Equities analysts predict that Cranswick will post 258.5590189 EPS for the current fiscal year.

Insider Buying and Selling at Cranswick

In related news, insider Jim Brisby sold 16,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of GBX 5,533, for a total transaction of £912,945. Also, insider Mark Bottomley sold 250 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of GBX 5,097, for a total transaction of £12,742.50. Over the last ninety days, insiders have sold 26,207 shares of company stock valued at $142,535,239. Insiders own 2.54% of the company’s stock.

About Cranswick

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.