Cranswick (CWK) Given “Buy” Rating at Numis Securities

Numis Securities restated their buy rating on shares of Cranswick (LON:CWK) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently weighed in on CWK. HSBC initiated coverage on shares of Cranswick in a research report on Friday, January 25th. They issued a hold rating and a GBX 2,810 ($36.72) target price for the company. Liberum Capital reissued a buy rating on shares of Cranswick in a research report on Friday, February 1st. Peel Hunt reissued a hold rating and issued a GBX 2,600 ($33.97) target price (down previously from GBX 2,800 ($36.59)) on shares of Cranswick in a research report on Wednesday, February 6th. Finally, Berenberg Bank dropped their target price on shares of Cranswick from GBX 3,550 ($46.39) to GBX 3,050 ($39.85) and set a buy rating for the company in a research report on Wednesday, February 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Cranswick has a consensus rating of Buy and a consensus target price of GBX 2,926 ($38.23).

Shares of CWK traded up GBX 28 ($0.37) during midday trading on Thursday, hitting GBX 2,890 ($37.76). The company had a trading volume of 76,107 shares, compared to its average volume of 57,337. The company has a market capitalization of $1.48 billion and a P/E ratio of 21.66. Cranswick has a 52 week low of GBX 2,340 ($30.58) and a 52 week high of GBX 3,502 ($45.76).

In related news, insider Martin T. P. Davey sold 485 shares of the business’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of GBX 2,683 ($35.06), for a total transaction of £13,012.55 ($17,003.20). Also, insider Martin T. P. Davey sold 618 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 2,514 ($32.85), for a total transaction of £15,536.52 ($20,301.22).

About Cranswick

Cranswick plc produces and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. It offers fresh pork, gourmet bacon and gammon, fresh chicken, and prepared chicken and poultry products, as well as gourmet sausages, cooked meats, continental foods, handmade pastries, and British charcuteries.

Read More: Price to Earnings Ratio (PE)

Analyst Recommendations for Cranswick (LON:CWK)

Receive News & Ratings for Cranswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cranswick and related companies with MarketBeat.com's FREE daily email newsletter.