Cranswick plc (LON:CWK) Insider Sells £25,595,539.20 in Stock

Cranswick plc (LON:CWK) insider Martin T. P. Davey sold 7,164 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of £3,572.80 ($4,396.75), for a total value of £25,595,539.20 ($31,498,325.38).

CWK stock traded down GBX 58 ($0.71) during trading on Friday, hitting GBX 3,568 ($43.91). The company had a trading volume of 42,705 shares, compared to its average volume of 57,337. The stock has a market cap of $1.87 billion and a PE ratio of 22.50. The business has a 50-day moving average of GBX 3,605.92 and a 200-day moving average of GBX 3,578.55. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 27.40. Cranswick plc has a one year low of GBX 35.58 ($0.44) and a one year high of GBX 4,020 ($49.47).

Cranswick (LON:CWK) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported GBX 156.40 ($1.92) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 152.60 ($1.88) by GBX 3.80 ($0.05). Research analysts forecast that Cranswick plc will post 15794.5741156 EPS for the current year.

The company also recently declared a dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, July 23rd will be given a dividend of GBX 43.70 ($0.54) per share. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a yield of 1.17%. This is a boost from Cranswick’s previous dividend of $16.70. Cranswick’s dividend payout ratio is 37.83%.

CWK has been the topic of a number of research reports. HSBC boosted their price objective on Cranswick from GBX 3,860 ($47.50) to GBX 3,920 ($48.24) and gave the stock a “buy” rating in a research report on Monday, May 18th. Peel Hunt restated a “buy” rating on shares of Cranswick in a report on Tuesday, June 23rd. Shore Capital reiterated a “house stock” rating on shares of Cranswick in a report on Tuesday, April 28th. Liberum Capital reiterated a “buy” rating on shares of Cranswick in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group upped their price target on shares of Cranswick from GBX 3,760 ($46.27) to GBX 3,940 ($48.49) and gave the company a “hold” rating in a research report on Friday, July 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 3,902 ($48.02).

Cranswick Company Profile

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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