Jefferies Financial Group Reaffirms Buy Rating for Cranswick (LON:CWK)

Cranswick (LON:CWK)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a report released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 57 ($0.72) price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 98.85% from the company’s current price.

Cranswick Stock Performance

CWK stock opened at GBX 4,950 ($62.23) on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 13.88. The firm has a market cap of £2.66 billion, a PE ratio of 2,368.42, a P/E/G ratio of 2.62 and a beta of 0.44. The business has a 50 day moving average of GBX 5,050.14 and a 200-day moving average of GBX 4,728.91. Cranswick has a 12-month low of GBX 3,728 ($46.87) and a 12-month high of GBX 5,260 ($66.13).

Insider Buying and Selling

In other news, insider Mark Bottomley sold 430 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of GBX 4,658 ($58.56), for a total transaction of £20,029.40 ($25,181.54). Also, 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 ($61.73), for a total transaction of £810,150 ($1,018,544.13). 4.54% of the stock is owned by 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.