Liberum Capital Reaffirms “Hold” Rating for Cranswick (CWK)

Liberum Capital reissued their hold rating on shares of Cranswick (LON:CWK) in a research note issued to investors on Monday. The firm currently has a GBX 3,300 ($44.41) price objective on the stock.

Several other brokerages have also commented on CWK. Shore Capital reaffirmed a house stock rating on shares of Cranswick in a report on Tuesday, November 28th. Numis Securities raised Cranswick to an add rating and lifted their price objective for the stock from GBX 2,870 ($38.63) to GBX 3,350 ($45.09) in a report on Tuesday, November 28th. Berenberg Bank reaffirmed a buy rating and issued a GBX 3,225 ($43.41) price objective on shares of Cranswick in a report on Friday, September 15th. Finally, Whitman Howard reaffirmed a hold rating and issued a GBX 2,700 ($36.34) price objective on shares of Cranswick in a report on Friday, September 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 2,912.86 ($39.20).

Shares of Cranswick (LON:CWK) traded up GBX 8 ($0.11) on Monday, reaching GBX 3,063 ($41.22). The company’s stock had a trading volume of 13,559 shares, compared to its average volume of 68,734. Cranswick has a 12-month low of GBX 2,148 ($28.91) and a 12-month high of GBX 3,361 ($45.24).

Cranswick (LON:CWK) last issued its quarterly earnings data on Tuesday, November 28th. The company reported GBX 70 ($0.94) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 67.20 ($0.90) by GBX 2.80 ($0.04). The firm had revenue of £714.60 million for the quarter. Cranswick had a return on equity of 15.21% and a net margin of 4.68%.

The business also recently declared a dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, December 7th will be issued a dividend of GBX 15.10 ($0.20) per share. This represents a yield of 0.48%. The ex-dividend date is Thursday, December 7th.

In other Cranswick news, insider Mark Bottomley acquired 28 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was purchased at an average price of GBX 2,787 ($37.51) per share, with a total value of £780.36 ($1,050.28).

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Cranswick Company Profile

Cranswick plc is a supplier of food products. The Company operates through Foods segment, which is engaged in the manufacture and supply of food products to the United Kingdom grocery retailers, the food service sector and other food producers. The Company provides a range of pork, gourmet sausages, cooked meats, cooked poultry, charcuterie, hand-cured and air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.

Analyst Recommendations for Cranswick (LON:CWK)

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