Key Points
- Insider purchase: Christopher Aldersley bought three Cranswick shares at GBX 5,129 each, for a total of approximately £153.87, through the company’s “Buy As You Earn” plan. The small transaction is positive but does not materially change insider-conviction signals.
- Shares under pressure: Cranswick stock was down 2.9% and opened at GBX 5,010, below its 50-day and 200-day moving averages. The shares remain within their 12-month range of GBX 4,805 to GBX 5,810.
- Analysts remain bullish: Berenberg upgraded Cranswick to “Buy,” while several firms maintained or issued Buy-equivalent ratings. The consensus target price is GBX 6,036, implying potential upside from the current share price.
Cranswick plc (LON:CWK - Get Free Report) insider Christopher Aldersley purchased 3 shares of the business's stock in a transaction on Monday, September 21st. The shares were acquired at an average price of GBX 5,129 per share, for a total transaction of £153.87.
Christopher Aldersley also recently made the following trade(s):
- On Friday, August 21st, Christopher Aldersley acquired 3 shares of Cranswick stock. The shares were bought at an average cost of £5,350 per share, with a total value of £16,050.
- On Tuesday, July 21st, Christopher Aldersley acquired 2 shares of Cranswick stock. The stock was bought at an average price of GBX 5,415 per share, with a total value of £108.30.
Cranswick Stock Down 2.9%
Cranswick stock opened at GBX 5,010 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.26. Cranswick plc has a 12-month low of GBX 4,805 and a 12-month high of GBX 5,810. The firm's fifty day moving average is GBX 5,284.22 and its 200 day moving average is GBX 5,349.93. The company has a market capitalization of £2.68 billion, a PE ratio of 17.26, a PEG ratio of 2.62 and a beta of 0.55.
Key Cranswick News
Here are the key news stories impacting Cranswick this week:
- Positive Sentiment: Berenberg upgraded Cranswick to “Buy” and raised its price target to 6,080p from 5,770p, implying increased confidence in the company’s earnings outlook and potential upside. Berenberg upgrade article
- Positive Sentiment: Recent coverage characterized Cranswick’s latest half-year performance as showing steady growth, providing fundamental support for the bullish broker view. Cranswick half-year performance article
- Neutral Sentiment: Director Christopher Aldersley acquired three shares at an average of 5,129p through Cranswick’s “Buy As You Earn” incentive plan. While directionally positive, the approximately £154 transaction is too small to represent a significant change in insider conviction. Cranswick director share purchase article
- Negative Sentiment: Cranswick’s shares recently moved below their 200-day moving average, a technical warning that may encourage short-term selling and helps explain the stock’s weaker performance despite the upgrade. Cranswick moving average article
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on CWK shares. Shore Capital Group reissued a "house stock" rating on shares of Cranswick in a research report on Friday, August 14th. Royal Bank Of Canada raised Cranswick to an "outperform" rating and upped their price target for the stock from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 6,200 price target on shares of Cranswick in a report on Monday, July 27th. Berenberg Bank raised Cranswick to a "buy" rating and raised their price objective for the company from GBX 5,770 to GBX 6,080 in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 6,300 price objective on shares of Cranswick in a research note on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Cranswick has an average rating of "Buy" and a consensus target price of GBX 6,036.
Get Our Latest Analysis on CWK
About Cranswick
(
Get Free Report)
Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of c. £3.0 billion. The business employs over 16,000 people and operates from 23 well-invested, highly efficient facilities in the UK. Cranswick was formed in the early 1970s by farmers in East Yorkshire to produce animal feed and has since evolved into a business which produces a range of high-quality, predominantly fresh food, including fresh pork, poultry, convenience, gourmet products and pet food.
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