Cranswick (LON:CWK) Sets New 52-Week High – Still a Buy?

Cranswick plc (LON:CWKGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 5,620 and last traded at GBX 5,599.99, with a volume of 721451 shares trading hands. The stock had previously closed at GBX 5,228.79.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Cranswick in a report on Monday, February 2nd. Berenberg Bank restated a “hold” rating and issued a GBX 5,770 price objective on shares of Cranswick in a report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Cranswick has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,790.

Get Our Latest Stock Report on CWK

Cranswick Price Performance

The stock has a market cap of £2.99 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. The firm has a 50-day moving average price of GBX 5,263.55 and a 200-day moving average price of GBX 5,156.33. The company has a debt-to-equity ratio of 40.43, a quick ratio of 1.02 and a current ratio of 1.78.

Insider Activity at Cranswick

In other news, insider Adam Couch sold 347 shares of Cranswick stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 507, for a total transaction of £1,759.29. Also, insider Mark Bottomley sold 250 shares of Cranswick stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of GBX 5,097, for a total transaction of £12,742.50. In the last three months, insiders bought 8 shares of company stock valued at $42,490 and sold 707 shares valued at $2,010,739. 2.54% of the stock is currently owned by corporate insiders.

About Cranswick

(Get Free Report)

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.

Further Reading

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