Cranswick (LON:CWK) Hits New 1-Year High – Here’s What Happened

Cranswick plc (LON:CWK) shares reached a new 52-week high on Monday . The stock traded as high as GBX 5,260 ($68.21) and last traded at GBX 5,145.40 ($66.73), with a volume of 2070 shares trading hands. The stock had previously closed at GBX 5,152.64 ($66.82).

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CWK shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 50 ($0.65) price objective on shares of Cranswick in a research report on Monday, July 29th. Shore Capital restated a “house stock” rating on shares of Cranswick in a research note on Monday, July 29th.

Cranswick Price Performance

The business has a 50 day moving average of GBX 4,784.38 and a 200 day moving average of GBX 4,547.08. The company has a debt-to-equity ratio of 13.88, a current ratio of 1.66 and a quick ratio of 1.02. The firm has a market capitalization of £2.78 billion, a price-to-earnings ratio of 2,478.47, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44.

Insider Activity at Cranswick

In other Cranswick news, insider Mark Bottomley sold 8,197 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of GBX 4,519 ($58.60), for a total transaction of £370,422.43 ($480,381.83). In other Cranswick news, insider Mark Bottomley sold 8,197 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of GBX 4,519 ($58.60), for a total transaction of £370,422.43 ($480,381.83). Also, insider Christopher Aldersley sold 16,500 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of GBX 4,910 ($63.68), for a total value of £810,150 ($1,050,641.94). Over the last ninety days, insiders sold 50,128 shares of company stock worth $238,989,743. 4.54% 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.