Cranswick (LON:CWK) Given House Stock Rating at Shore Capital

Shore Capital reiterated their house stock rating on shares of Cranswick (LON:CWK) in a research report sent to investors on Tuesday morning, MarketBeat.com reports.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 57 ($0.70) price objective on shares of Cranswick in a report on Tuesday, December 17th.

Cranswick Stock Performance

Shares of LON:CWK opened at GBX 4,930 ($60.78) on Tuesday. The company has a market cap of £2.65 billion, a P/E ratio of 2,358.85, a PEG ratio of 2.62 and a beta of 0.44. The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.02 and a current ratio of 1.66. Cranswick has a one year low of GBX 3,788 ($46.70) and a one year high of GBX 5,260 ($64.85). The business’s 50-day simple moving average is GBX 4,913.75 and its 200 day simple moving average is GBX 4,801.19.

Cranswick (LON:CWK) last announced its earnings results on Tuesday, November 26th. The company reported GBX 132.10 ($1.63) EPS for the quarter. Cranswick had a return on equity of 12.89% and a net margin of 4.35%. On average, sell-side analysts forecast that Cranswick will post 258.5590189 earnings per share for the current fiscal year.

Cranswick Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be issued a GBX 25 ($0.31) dividend. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 0.49%. Cranswick’s dividend payout ratio (DPR) is 4,306.22%.

About Cranswick

Cranswick is a leading and innovative British supplier of premium, fresh and added value food products, with revenues in excess of £2.0 billion. We produce and supply premium food to UK grocery retailers, the food service sector and other global food producers.

Our core market is the United Kingdom where we provide a range of high quality, predominantly fresh food including Fresh Pork, Poultry, Convenience and Gourmet Products and more recently have further expanded our portfolio by adding high quality pet food.