Cranswick (LON:CWK) Sets New 1-Year High – Here’s Why

Shares of Cranswick plc (LON:CWK) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 5,110 ($68.35) and last traded at GBX 5,050 ($67.55), with a volume of 80962 shares. The stock had previously closed at GBX 5,100 ($68.22).

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Shore Capital reissued a “house stock” rating on shares of Cranswick in a report on Monday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 50 ($0.67) price target on shares of Cranswick in a research note on Monday, July 29th.

Cranswick Trading Down 1.0 %

The business has a 50 day simple moving average of GBX 4,625.24 and a 200-day simple moving average of GBX 4,429.11. 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 stock has a market capitalization of £2.71 billion, a P/E ratio of 2,414.29, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44.

Insider Buying and Selling at Cranswick

In other news, insider Adam Couch sold 25,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of GBX 4,757 ($63.63), for a total transaction of £1,189,250 ($1,590,757.09). In other news, insider Adam Couch sold 25,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of GBX 4,757 ($63.63), for a total transaction of £1,189,250 ($1,590,757.09). Also, insider Christopher Aldersley sold 16,500 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of GBX 4,910 ($65.68), for a total value of £810,150 ($1,083,667.74). In the last ninety days, insiders sold 50,128 shares of company stock valued at $238,989,743. 4.57% of the stock is owned by corporate insiders.

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.