Cranswick plc (LON:CWK) hit a new 52-week high during trading on Tuesday following a stronger than expected earnings report. The company traded as high as GBX 3,361 ($45.01) and last traded at GBX 3,276 ($43.87), with a volume of 206197 shares changing hands. The stock had previously closed at GBX 3,017 ($40.40).

The company reported GBX 70 ($0.94) EPS for the quarter, topping the consensus estimate of GBX 67.20 ($0.90) by GBX 2.80 ($0.04). Cranswick had a net margin of 4.68% and a return on equity of 15.21%. The firm had revenue of £714.60 million for the quarter.

Several brokerages recently weighed in on CWK. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research note on Tuesday. Numis Securities raised shares of Cranswick to an “add” rating and upped their target price for the stock from GBX 2,870 ($38.44) to GBX 3,350 ($44.86) in a research note on Tuesday. Liberum Capital reaffirmed a “hold” rating and set a GBX 2,990 ($40.04) target price on shares of Cranswick in a research note on Tuesday. Whitman Howard reaffirmed a “hold” rating and set a GBX 2,700 ($36.16) target price on shares of Cranswick in a research note on Friday, September 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,225 ($43.19) target price on shares of Cranswick in a research note on Friday, September 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cranswick has a consensus rating of “Hold” and a consensus target price of GBX 2,868.57 ($38.42).

In other news, insider Mark Bottomley acquired 28 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were bought at an average cost of GBX 2,787 ($37.32) per share, with a total value of £780.36 ($1,045.08).

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About Cranswick

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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