Cranswick (LON:CWK) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Cranswick (LON:CWK – Free Report) to a buy rating in a research note released on Tuesday,Digital Look reports. They currently have GBX 6,080 price target on the stock, up from their previous price target of GBX 5,770.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,300 price objective on shares of Cranswick in a research report on Tuesday, July 28th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,200 price target on shares of Cranswick in a research note on Monday, July 27th. Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a report on Friday, August 14th. Finally, Royal Bank Of Canada upgraded shares of Cranswick to an “outperform” rating and boosted their price target for the stock from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Cranswick currently has a consensus rating of “Buy” and an average target price of GBX 6,036.

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Cranswick Stock Performance

LON:CWK opened at GBX 5,020 on Tuesday. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.02 and a current ratio of 1.76. The stock has a market capitalization of £2.69 billion, a PE ratio of 17.30, a P/E/G ratio of 2.62 and a beta of 0.55. Cranswick has a fifty-two week low of GBX 4,805 and a fifty-two week high of GBX 5,810. The company has a fifty day moving average of GBX 5,274.42 and a two-hundred day moving average of GBX 5,347.95.

Insiders Place Their Bets

In other news, insider Mark Bottomley sold 361 shares of Cranswick stock in a transaction on Thursday, July 30th. The shares were sold at an average price of GBX 5,545, for a total value of £20,017.45. Also, insider Christopher Aldersley purchased 3 shares of Cranswick stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average price of £5,350 per share, with a total value of £16,050. Insiders bought a total of 366 shares of company stock worth $3,616,327 over the last ninety days. Corporate insiders own 2.55% of the company’s stock.

Cranswick Company Profile

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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.

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