Cranswick (LON:CWK) had its price objective upped by Berenberg Bank from GBX 3,450 ($48.45) to GBX 3,525 ($49.50) in a research report report published on Friday morning. They currently have a buy rating on the stock.
Other analysts have also recently issued research reports about the stock. Numis Securities boosted their target price on shares of Cranswick from GBX 3,350 ($47.04) to GBX 3,450 ($48.45) and gave the stock an add rating in a research note on Thursday. Peel Hunt upped their price objective on shares of Cranswick from GBX 2,800 ($39.32) to GBX 3,000 ($42.13) and gave the company a hold rating in a research note on Thursday. Liberum Capital reaffirmed a hold rating and set a GBX 3,300 ($46.34) price objective on shares of Cranswick in a research note on Thursday. Finally, Shore Capital reaffirmed a house stock rating on shares of Cranswick in a research note on Tuesday, November 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 3,195 ($44.87).
Cranswick (CWK) traded down GBX 56 ($0.79) during mid-day trading on Friday, hitting GBX 3,036 ($42.63). 41,174 shares of the stock were exchanged, compared to its average volume of 51,167. The stock has a market capitalization of $1,560.00 and a PE ratio of 2,317.56. Cranswick has a twelve month low of GBX 2,273 ($31.92) and a twelve month high of GBX 3,497.81 ($49.12).
Cranswick (LON:CWK) last released its earnings results on Tuesday, November 28th. The company reported GBX 70 ($0.98) EPS for the quarter, topping analysts’ consensus estimates of GBX 67.20 ($0.94) by GBX 2.80 ($0.04). The business had revenue of £714.60 million during the quarter. Cranswick had a net margin of 4.98% and a return on equity of 16.34%.
The company also recently announced a dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, December 7th were issued a GBX 15.10 ($0.21) dividend. The ex-dividend date was Thursday, December 7th. This represents a yield of 0.48%.
In other news, insider Mark Bottomley bought 618 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were bought at an average cost of GBX 3,213 ($45.12) per share, for a total transaction of £19,856.34 ($27,884.20).
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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.
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