Christopher Aldersley Buys 3 Shares of Cranswick plc (LON:CWK) Stock

Cranswick plc (LON:CWK) insider Christopher Aldersley purchased 3 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of GBX 4,915 ($61.85) per share, with a total value of £147.45 ($185.54).

Cranswick Price Performance

Shares of Cranswick stock opened at GBX 4,860 ($61.16) on Friday. The firm has a market cap of £2.61 billion, a P/E ratio of 2,325.36, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The firm’s 50-day simple moving average is GBX 5,020.10 and its 200-day simple moving average is GBX 4,754.33. Cranswick plc has a twelve month low of GBX 3,728 ($46.91) and a twelve month high of GBX 5,260 ($66.19). 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 Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 57 ($0.72) price objective on shares of Cranswick in a research note on Tuesday, December 17th.

About Cranswick

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.