Cranswick (LON:CWK) Stock Breaks Below 200 Day Moving Average – Here’s What Happened

Cranswick plc (LON:CWK) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 5,309.26 and traded as low as GBX 5,270. Cranswick shares last traded at GBX 5,270, with a volume of 323,411 shares trading hands.

Analyst Upgrades and Downgrades

CWK has been the topic of a number of research analyst reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a report on Friday, August 14th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,200 price target on shares of Cranswick in a report on Monday, July 27th. Berenberg Bank upgraded Cranswick to a “buy” rating and boosted their price target for the company from GBX 5,770 to GBX 6,080 in a report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,300 price target on shares of Cranswick in a research report on Tuesday, July 28th. Finally, Peel Hunt upgraded Cranswick to a “buy” rating and set a GBX 6,600 price objective on the stock in a research note on Monday, October 12th. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Cranswick currently has a consensus rating of “Buy” and a consensus price target of GBX 6,256.

Cranswick Stock Performance

The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. The company’s 50-day moving average is GBX 5,169.71 and its two-hundred day moving average is GBX 5,309.26. The stock has a market capitalization of £2.95 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.62 and a beta of 0.54.

Insider Activity

In related news, insider Christopher Aldersley bought 3 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were bought at an average cost of £5,350 per share, with a total value of £16,050. Over the last 90 days, insiders have purchased 9 shares of company stock valued at $1,635,927. Insiders own 2.55% of the company’s stock.

Cranswick Company Profile

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.