Cranswick (LON:CWK) Shares Cross Below Two Hundred Day Moving Average – Here’s Why
by Teresa Graham · The Cerbat GemCranswick plc (LON:CWK – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,110.17 and traded as low as GBX 4,955. Cranswick shares last traded at GBX 4,990, with a volume of 35,460 shares trading hands.
Analysts Set New Price Targets
A number of brokerages recently weighed in on CWK. Berenberg Bank lifted their target price on Cranswick from GBX 5,540 to GBX 5,770 and gave the company a “hold” rating in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Cranswick from GBX 6,000 to GBX 6,100 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Peel Hunt reissued a “buy” rating and set a GBX 5,500 target price on shares of Cranswick in a research report on Tuesday, November 25th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research report on Tuesday, November 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 5,790.
Get Our Latest Stock Report on CWK
Cranswick Trading Down 0.7%
The firm has a market capitalization of £2.65 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.62 and a beta of 0.44. The business’s 50-day moving average price is GBX 5,004.56 and its 200 day moving average price is GBX 5,109.09. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.66 and a quick ratio of 1.02.
Cranswick (LON:CWK – Get Free Report) last released its quarterly earnings results on Tuesday, November 25th. The company reported GBX 144.40 earnings per share (EPS) for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.64%. On average, equities analysts forecast that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.
Cranswick Company Profile
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.