Shore Capital Reiterates “House Stock” Rating for Cranswick (LON:CWK)

Shore Capital reissued their house stock rating on shares of Cranswick (LON:CWK) in a research report released on Tuesday, MarketBeat reports.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 57 ($0.70) price target on shares of Cranswick in a research report on Tuesday, December 17th.

Cranswick Stock Up 0.2 %

CWK opened at GBX 4,975 ($61.45) on Tuesday. The firm has a market cap of £2.67 billion, a P/E ratio of 2,380.38, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.02 and a current ratio of 1.66. The business has a 50 day moving average price of GBX 4,907.45 and a 200 day moving average price of GBX 4,807.81. Cranswick has a twelve month low of GBX 3,788 ($46.79) and a twelve month high of GBX 5,260 ($64.97).

Cranswick (LON:CWK) last issued its quarterly earnings data on Tuesday, November 26th. The company reported GBX 132.10 ($1.63) earnings per share for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.89%. Research analysts forecast that Cranswick will post 258.5590189 EPS for the current year.

Cranswick Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, December 12th will be issued a GBX 25 ($0.31) dividend. This represents a yield of 0.49%. The ex-dividend date is Thursday, December 12th. Cranswick’s dividend payout ratio (DPR) is presently 4,306.22%.

About Cranswick

Cranswick is a leading and innovative British supplier of premium, fresh and added value food products, with revenues in excess of £2.0 billion. We produce and supply premium food to UK grocery retailers, the food service sector and other global food producers.

Our core market is the United Kingdom where we provide a range of high quality, predominantly fresh food including Fresh Pork, Poultry, Convenience and Gourmet Products and more recently have further expanded our portfolio by adding high quality pet food.