Cranswick (LON:CWK) Stock Rating Raised to “Buy” at Peel Hunt

Cranswick (LON:CWK) was upgraded by investment analysts at Peel Hunt to a “buy” rating in a research report issued on Monday, Digital Look reports. The firm currently has a GBX 6,600 price objective on the stock. Peel Hunt’s target price would suggest a potential upside of 26.68% from the company’s previous close.

Several other brokerages have also recently commented on CWK. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 6,300 price target on shares of Cranswick in a research report on Tuesday, July 28th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,200 price objective on shares of Cranswick in a report on Monday, July 27th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a report on Friday, August 14th. Finally, Berenberg Bank upgraded Cranswick to a “buy” rating and raised their price target for the stock from GBX 5,770 to GBX 6,080 in a research report on Tuesday, September 22nd. Five research analysts have rated the stock with a Buy rating. According to MarketBeat, Cranswick has an average rating of “Buy” and an average price target of GBX 6,256.

Cranswick Trading Up 1.6%

Shares of CWK traded up GBX 80 during trading hours on Monday, hitting GBX 5,210. 5,571,442 shares of the stock traded hands, compared to its average volume of 521,687. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. Cranswick has a 1-year low of GBX 4,805 and a 1-year high of GBX 5,810. The firm has a market capitalization of £2.79 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The business has a fifty day moving average of GBX 5,175.49 and a 200-day moving average of GBX 5,332.17.

Insider Activity at Cranswick

In related news, insider Mark Bottomley sold 361 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Also, insider Christopher Aldersley bought 3 shares of the business’s stock in a transaction on Friday, August 21st. The stock was purchased at an average price of £5,350 per share, for a total transaction of £16,050. Insiders have purchased a total of 366 shares of company stock worth $3,616,327 in the last three months. 2.55% of the stock is owned by 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.