Cranswick’s (CWK) “Hold” Rating Reiterated at Berenberg Bank

Cranswick (LON:CWK)‘s stock had its “hold” rating reissued by investment analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 5,770 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 8.66% from the company’s previous close.

A number of other brokerages also recently issued reports on CWK. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cranswick from GBX 6,000 to GBX 6,100 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Peel Hunt reissued a “buy” rating and set a GBX 5,500 price objective on shares of Cranswick in a research report on Tuesday, November 25th. Finally, Shore Capital reiterated a “house stock” rating on shares of Cranswick in a report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Cranswick currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,790.

Cranswick Stock Up 0.4%

LON:CWK traded up GBX 20 during trading hours on Tuesday, hitting GBX 5,310. 29,533 shares of the stock traded hands, compared to its average volume of 214,052. Cranswick has a fifty-two week low of GBX 4,590 and a fifty-two week high of GBX 5,590. The firm has a 50 day moving average price of GBX 5,021.22 and a 200 day moving average price of GBX 5,073.07. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98. The firm has a market cap of £2.84 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.62 and a beta of 0.44.

Cranswick (LON:CWK) last released its quarterly earnings data on Tuesday, November 25th. The company reported GBX 144.40 earnings per share (EPS) for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. Equities research analysts anticipate that Cranswick will post 258.5590189 earnings per share for the current year.

About Cranswick

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.