Cranswick (LON:CWK) Hits New 52-Week High – Should You Buy?

Cranswick plc (LON:CWKGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as GBX 5,710 and last traded at GBX 5,560, with a volume of 147521 shares. The stock had previously closed at GBX 5,640.

Analysts Set New Price Targets

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

View Our Latest Research Report on Cranswick

Cranswick Price Performance

The business’s fifty day simple moving average is GBX 5,393.55 and its 200-day simple moving average is GBX 5,242.01. 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 cap of £2.91 billion, a P/E ratio of 18.75, a PEG ratio of 2.62 and a beta of 0.55.

Cranswick (LON:CWKGet Free Report) last released its quarterly earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. The firm had revenue of GBX 298.25 billion for the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. As a group, analysts forecast that Cranswick plc will post 258.5590189 EPS for the current fiscal year.

Insider Activity at Cranswick

In related news, insider Jim Brisby sold 16,500 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of GBX 5,533, for a total value of £912,945. Also, insider Mark Bottomley sold 250 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of GBX 5,097, for a total transaction of £12,742.50. Over the last ninety days, insiders have purchased 9 shares of company stock valued at $48,219 and have sold 26,207 shares valued at $142,535,239. Corporate insiders own 2.49% of the company’s stock.

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.

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