Cranswick (LON:CWK) Reaches New 1-Year High – Here’s Why

Cranswick plc (LON:CWK) shares reached a new 52-week high on Monday . The company traded as high as GBX 5,810 and last traded at GBX 5,671.99, with a volume of 3494 shares traded. The stock had previously closed at GBX 5,690.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CWK shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 6,100 price objective on shares of Cranswick in a report on Wednesday, May 20th. Berenberg Bank restated a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a research report on Tuesday, May 26th. Shore Capital Group restated a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 62 price target on shares of Cranswick in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada upgraded shares of Cranswick to an “outperform” rating and boosted their price objective for the stock from GBX 5,500 to GBX 6,100 in a research report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,706.40.

Cranswick Stock Performance

The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.60. The firm has a market capitalization of £2.93 billion, a PE ratio of 18.88, a PEG ratio of 2.62 and a beta of 0.55. The stock’s 50 day moving average price is GBX 5,431.82 and its two-hundred day moving average price is GBX 5,270.73.

Cranswick (LON:CWK) last posted its earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share (EPS) for the quarter. The firm had revenue of GBX 298.25 billion for the quarter. Cranswick had a return on equity of 14.99% and a net margin of 5.31%. On average, equities analysts expect that Cranswick plc will post 258.5590189 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jim Brisby sold 16,500 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. Also, insider Christopher Aldersley sold 9,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 5,470, for a total value of £492,300. Over the last three months, insiders bought 9 shares of company stock valued at $49,059. Insiders own 2.49% 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.