Cranswick (LON:CWK) Stock Price Crosses Above Two Hundred Day Moving Average of $4,074.83

Cranswick plc (LON:CWKGet Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,074.83 ($51.89) and traded as high as GBX 4,280 ($54.50). Cranswick shares last traded at GBX 4,260 ($54.25), with a volume of 88,023 shares.

Analysts Set New Price Targets

CWK has been the subject of several analyst reports. Redburn Partners initiated coverage on shares of Cranswick in a report on Wednesday, March 20th. They set a “buy” rating and a GBX 4,900 ($62.40) price target for the company. Berenberg Bank upped their target price on shares of Cranswick from GBX 4,921 ($62.66) to GBX 5,312 ($67.64) and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Shore Capital restated a “house stock” rating on shares of Cranswick in a report on Tuesday, May 21st.

Read Our Latest Report on Cranswick

Cranswick Stock Performance

The firm’s 50-day moving average is GBX 4,287.34 and its 200 day moving average is GBX 4,079.26. The stock has a market cap of £2.35 billion, a PE ratio of 2,071.43, a P/E/G ratio of 2.62 and a beta of 0.43. The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.02 and a current ratio of 1.66.

Cranswick Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, July 18th will be given a GBX 67.30 ($0.86) dividend. This is an increase from Cranswick’s previous dividend of $22.70. The ex-dividend date is Thursday, July 18th. This represents a yield of 1.53%. Cranswick’s dividend payout ratio is 4,285.71%.

Insider Activity at Cranswick

In other Cranswick news, insider Mark Bottomley sold 400 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of GBX 4,184 ($53.28), for a total transaction of £16,736 ($21,311.60). In other news, insider Christopher Aldersley sold 1,330 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of GBX 4,090 ($52.08), for a total value of £54,397 ($69,269.07). Also, insider Mark Bottomley sold 400 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of GBX 4,184 ($53.28), for a total transaction of £16,736 ($21,311.60). 4.49% of the stock is owned by insiders.

Cranswick Company Profile

(Get Free Report)

Cranswick plc manufactures and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. The company offers fresh pork, gourmet bacon and gammon, fresh and coated chicken, ready to eat chicken, charcuterie, houmous and dips, and olives and antipasti, gourmet sausages, cooked meats, and gourmet pastries, as well as provides food services.

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