Cranswick (LON:CWK) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Posted by Defense World Staff on Dec 25th, 2024

Cranswick plc (LON:CWK – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,742.85 ($59.46) and traded as high as GBX 4,930 ($61.80). Cranswick shares last traded at GBX 4,865 ($60.99), with a volume of 13,984 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 57 ($0.71) price objective on shares of Cranswick in a report on Tuesday, December 17th.

View Our Latest Research Report on CWK

Cranswick Price Performance

The firm has a market capitalization of £2.61 billion, a price-to-earnings ratio of 2,327.75, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The stock’s fifty day moving average price is GBX 5,038.74 and its two-hundred day moving average price is GBX 4,742.85. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.88.

Cranswick Cuts Dividend

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

Insider Buying and Selling at Cranswick

In other Cranswick news, insider Christopher Aldersley sold 16,500 shares of Cranswick stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of GBX 4,910 ($61.55), for a total value of £810,150 ($1,015,607.37). 4.54% of the stock is currently owned by insiders.

Cranswick Company Profile

(Get Free Report)

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.