Cranswick (LON:CWK) Share Price Crosses Above Two Hundred Day Moving Average of $2,847.14

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Shares of Cranswick plc (LON:CWK) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2,847.14 and traded as high as $3,112.00. Cranswick shares last traded at $3,082.00, with a volume of 103,521 shares changing hands.

A number of equities research analysts have recently issued reports on CWK shares. HSBC upped their price target on Cranswick from GBX 2,780 ($36.33) to GBX 3,000 ($39.20) and gave the company a “hold” rating in a research report on Wednesday, November 27th. Berenberg Bank restated 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 restated a “house stock” rating on shares of Cranswick in a research report on Tuesday, November 26th. Peel Hunt restated a “hold” rating and issued a GBX 3,000 ($39.20) price target (up from GBX 2,900 ($37.89)) on shares of Cranswick in a research report on Monday, November 25th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 3,500 ($45.73) price target (up from GBX 3,300 ($43.12)) on shares of Cranswick in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Cranswick has an average rating of “Hold” and an average price target of GBX 3,150 ($41.16).

The company has a market capitalization of $1.61 billion and a PE ratio of 22.85. The company has a quick ratio of 1.11, a current ratio of 1.72 and a debt-to-equity ratio of 2.66. The firm has a 50-day moving average of GBX 3,199.64 and a two-hundred day moving average of GBX 2,847.14.

The firm also recently disclosed a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, December 12th will be given a GBX 16.70 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 0.52%. Cranswick’s payout ratio is 0.42%.

In other Cranswick news, insider Pamela Powell acquired 1,000 shares of the stock in a transaction that occurred on 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).

Cranswick Company Profile (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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