Cranswick (LON:CWK) Shares Pass Above 200-Day Moving Average of $4,115.80

Cranswick plc (LON:CWK)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,115.80 ($52.21) and traded as high as GBX 4,510 ($57.21). Cranswick shares last traded at GBX 4,445 ($56.39), with a volume of 91,698 shares traded.

Wall Street Analyst Weigh In

CWK has been the topic of a number of recent research reports. Redburn Partners initiated coverage on shares of Cranswick in a research report on Wednesday, March 20th. They issued a “buy” rating and a GBX 4,900 ($62.16) target price on the stock. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 21st. Finally, Berenberg Bank upped their target price on shares of Cranswick from GBX 4,921 ($62.43) to GBX 5,312 ($67.39) and gave the stock a “buy” rating in a research report on Tuesday, May 21st.

Cranswick Stock Down 0.6 %

The company has a market capitalization of £2.40 billion, a PE ratio of 2,116.67, a P/E/G ratio of 2.62 and a beta of 0.43. The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.02 and a current ratio of 1.66. The company’s 50-day moving average is GBX 4,357.32 and its 200 day moving average is GBX 4,115.80.

Cranswick Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, July 18th will be paid a dividend of GBX 67.30 ($0.85) per share. This is a positive change from Cranswick’s previous dividend of $22.70. The ex-dividend date of this dividend is Thursday, July 18th. This represents a dividend yield of 1.53%. Cranswick’s payout ratio is presently 4,285.71%.

About Cranswick

Cranswick plc manufactures and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. The company offers fresh pork, gourmet bacon and gammon, fresh and coated chicken, ready to eat chicken, charcuterie, houmous and dips, and olives and antipasti, gourmet sausages, cooked meats, and gourmet pastries, as well as provides food services.