Cranswick’s (CWK) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Cranswick (LON:CWK) in a research report released on Monday, MarketBeat Ratings reports. Jefferies Financial Group currently has a GBX 6,200 price target on the stock.

Several other equities research analysts have also weighed in on the company. Royal Bank Of Canada upgraded Cranswick to an “outperform” rating and upped their price objective for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a report on Monday. Berenberg Bank restated a “hold” rating and set a GBX 5,770 target price on shares of Cranswick in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 6,100 price target on shares of Cranswick in a research note on Wednesday, May 20th. Four 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,974.

Cranswick Price Performance

Shares of Cranswick stock opened at GBX 5,430 on Monday. 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 firm’s 50-day simple moving average is GBX 5,517.02 and its 200-day simple moving average is GBX 5,350.86. Cranswick has a twelve month low of GBX 4,805 and a twelve month high of GBX 5,810. The firm has a market cap of £2.91 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56.

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

Insider Transactions at Cranswick

In other news, insider Christopher Aldersley sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 5,470, for a total transaction of £492,300. Also, insider Jim Brisby sold 16,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total transaction of £912,945. Over the last 90 days, insiders acquired 8 shares of company stock worth $43,689. Company insiders own 2.49% of the company’s stock.

About Cranswick

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.