Cranswick (LON:CWK) Shares Pass Above 200-Day Moving Average – What’s Next?

Cranswick plc (LON:CWK) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,626.18 ($59.53) and traded as high as GBX 5,104.16 ($65.68). Cranswick shares last traded at GBX 5,050 ($64.99), with a volume of 93,019 shares traded.

Analyst Ratings Changes

Several equities analysts recently issued reports on CWK shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 50 ($0.64) price objective on shares of Cranswick in a report on Monday, July 29th. Shore Capital restated a “house stock” rating on shares of Cranswick in a research report on Monday, July 29th.

Cranswick Stock Down 1.2 %

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’s 50-day moving average price is GBX 4,957.89 and its 200 day moving average price is GBX 4,626.18. The firm has a market capitalization of £2.71 billion, a price-to-earnings ratio of 2,416.27, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44.

Insider Activity at Cranswick

In other Cranswick news, insider Christopher Aldersley sold 16,500 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of GBX 4,910 ($63.18), for a total transaction of £810,150 ($1,042,529.92). In related news, 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 ($63.18), for a total transaction of £810,150 ($1,042,529.92). Also, insider Mark Bottomley sold 430 shares of Cranswick stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of GBX 4,658 ($59.94), for a total value of £20,029.40 ($25,774.55). 4.54% of the stock is owned by corporate insiders.

Cranswick Company Profile

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.