Numis Securities Reaffirms Buy Rating for Cranswick (CWK)

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

Several other equities research analysts have also recently commented on the company. Liberum Capital reaffirmed a buy rating on shares of Cranswick in a report on Friday, April 12th. HSBC initiated coverage on Cranswick in a report on Friday, January 25th. They issued a hold rating and a GBX 2,810 ($36.72) price target for the company. Peel Hunt reaffirmed a hold rating and issued a GBX 2,600 ($33.97) price target (down previously from GBX 2,800 ($36.59)) on shares of Cranswick in a report on Wednesday, February 6th. Finally, Berenberg Bank cut their price target on Cranswick from GBX 3,550 ($46.39) to GBX 3,050 ($39.85) and set a buy rating for the company in a report on Wednesday, February 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 2,926 ($38.23).

LON:CWK opened at GBX 2,890 ($37.76) on Thursday. Cranswick has a one year low of GBX 2,340 ($30.58) and a one year high of GBX 3,502 ($45.76). The company has a market capitalization of $1.49 billion and a P/E ratio of 21.66.

In other Cranswick news, insider Martin T. P. Davey sold 485 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was 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 firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of GBX 2,514 ($32.85), for a total value 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: Producer Price Index (PPI)

Analyst Recommendations for Cranswick (LON:CWK)

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