Cranswick (LON:CWK) Stock Passes Above 200 Day Moving Average – Here’s Why

Cranswick plc (LON:CWK)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,011.49 ($67.25) and traded as high as GBX 5,310 ($71.26). Cranswick shares last traded at GBX 5,300 ($71.12), with a volume of 67,368 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CWK. Berenberg Bank reissued a “hold” rating and issued a GBX 5,370 ($72.06) price objective on shares of Cranswick in a research note on Monday, March 31st. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research note on Tuesday, May 20th.

Cranswick Price Performance

The stock has a 50 day moving average price of GBX 5,205.24 and a two-hundred day moving average price of GBX 5,011.49. The company has a debt-to-equity ratio of 13.98, a quick ratio of 1.02 and a current ratio of 1.66. The company has a market capitalization of £2.86 billion, a PE ratio of 25.22, a P/E/G ratio of 2.62 and a beta of 0.44.

Cranswick (LON:CWK) last posted its quarterly earnings results on Tuesday, May 20th. The company reported GBX 273.40 ($3.67) earnings per share for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. Equities analysts forecast that Cranswick plc will post 258.5590189 earnings per share for the current year.

Insider Transactions at Cranswick

In related news, insider Jim Brisby sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 5,011 ($67.24), for a total value of £350,770 ($470,705.85). Also, insider Mark Bottomley bought 375 shares of Cranswick stock in a transaction that occurred on Tuesday, June 10th. The stock was bought at an average price of GBX 5,300 ($71.12) per share, with a total value of £19,875 ($26,670.69). Company insiders own 4.54% of the company’s stock.

Cranswick Company Profile

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.