Cranswick plc (CWK) Receives GBX 3,112.50 Consensus Price Target from Brokerages

Cranswick plc (LON:CWK) has been given an average recommendation of “Hold” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 3,112.50 ($41.44).

A number of analysts have recently weighed in on CWK shares. Numis Securities restated an “add” rating on shares of Cranswick in a report on Tuesday, May 22nd. Liberum Capital upgraded shares of Cranswick to a “buy” rating in a report on Tuesday, May 22nd. Finally, Peel Hunt restated a “hold” rating on shares of Cranswick in a report on Wednesday, May 30th.

Shares of LON:CWK traded down GBX 8 ($0.11) during trading on Friday, reaching GBX 3,392 ($45.16). The stock had a trading volume of 81,000 shares, compared to its average volume of 57,337. Cranswick has a one year low of GBX 2,355 ($31.35) and a one year high of GBX 3,497.81 ($46.57).

Cranswick (LON:CWK) last released its quarterly earnings results on Tuesday, May 22nd. The company reported GBX 145 ($1.93) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 143.60 ($1.91) by GBX 1.40 ($0.02). Cranswick had a net margin of 4.98% and a return on equity of 16.34%.

The company also recently declared a dividend, which will be paid on Friday, September 7th. Stockholders of record on Thursday, July 19th will be issued a GBX 38.60 ($0.51) dividend. This is a boost from Cranswick’s previous dividend of $15.10. This represents a dividend yield of 1.19%. The ex-dividend date is Thursday, July 19th.

In related news, insider Jim Brisby sold 16,578 shares of Cranswick stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of GBX 3,264 ($43.46), for a total value of £541,105.92 ($720,417.95). Also, insider Adam Couch sold 13,500 shares of Cranswick stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of GBX 3,412 ($45.43), for a total transaction of £460,620 ($613,260.55).

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. It primarily offers fresh pork, gourmet sausages, burgers, cooked meats, cooked poultry, fresh chicken and pork, and traditional hand-cured and air dried bacon and gammon, as well as British charcuterie, handmade pastry, prepared chicken and poultry, and continental products.

Analyst Recommendations for Cranswick (LON:CWK)

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