Cranswick (LON:CWK) Stock Passes Above 200-Day Moving Average of $2,725.00

Cranswick plc (LON:CWK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2,725.00 and traded as high as $3,080.00. Cranswick shares last traded at $3,080.00, with a volume of 46,964 shares trading hands.

A number of research firms have recently weighed in on CWK. Peel Hunt reiterated a “hold” rating on shares of Cranswick in a research report on Friday, September 27th. Liberum Capital lifted their price target on shares of Cranswick from GBX 3,100 ($40.51) to GBX 3,300 ($43.12) and gave the company a “buy” rating in a research report on Tuesday, September 17th. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,050 ($39.85) price target on shares of Cranswick in a research report on Friday, September 6th. Shore Capital reiterated a “house stock” rating on shares of Cranswick in a research report on Monday, September 30th. Finally, HSBC reiterated a “hold” rating on shares of Cranswick in a research report on Friday, June 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 2,966 ($38.76).

The company has a debt-to-equity ratio of 2.66, a current ratio of 1.72 and a quick ratio of 1.11. The business’s 50-day moving average price is GBX 2,822.92 and its two-hundred day moving average price is GBX 2,725. The company has a market capitalization of $1.59 billion and a price-to-earnings ratio of 22.83.

In other Cranswick news, insider Pamela Powell purchased 1,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of GBX 2,924 ($38.21) per share, for a total transaction of £29,240 ($38,207.24).

About Cranswick (LON:CWK)

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.

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