Cranswick (LON:CWK) Sets New 1-Year High – Here’s What Happened

Cranswick plc (LON:CWK) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 5,630 and last traded at GBX 5,620, with a volume of 11451 shares changing hands. The stock had previously closed at GBX 5,540.

Wall Street Analysts Forecast Growth

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

Cranswick Trading Up 1.4%

The firm has a market capitalization of £3.01 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. The stock’s 50-day simple moving average is GBX 5,353.25 and its two-hundred day simple moving average is GBX 5,219.56. The company has a debt-to-equity ratio of 23.60, a current ratio of 1.76 and a quick ratio of 1.02.

Cranswick (LON:CWK) last posted its quarterly earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. The business had revenue of GBX 298.25 billion during the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. Equities research analysts expect that Cranswick plc will post 258.5590189 EPS for the current year.

Insider Activity

In other Cranswick news, insider Jim Brisby sold 16,500 shares of the company’s stock in a transaction that occurred 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 Adam Couch sold 347 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 507, for a total transaction of £1,759.29. In the last three months, insiders have acquired 9 shares of company stock valued at $48,219 and have sold 26,207 shares valued at $142,535,239. 2.49% of the stock is currently owned by company insiders.

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.