Cranswick (LON:CWK) had its target price raised by Berenberg Bank from GBX 3,225 ($43.41) to GBX 3,450 ($46.43) in a research report released on Friday. They currently have a buy rating on the stock.
CWK has been the topic of several other research reports. Liberum Capital restated a hold rating and set a GBX 2,990 ($40.24) target price on shares of Cranswick in a report on Tuesday, November 28th. Numis Securities upgraded shares of Cranswick to an add rating and lifted their target price for the company from GBX 2,870 ($38.63) to GBX 3,350 ($45.09) in a report on Tuesday, November 28th. Shore Capital restated a house stock rating on shares of Cranswick in a report on Tuesday, November 28th. Finally, Whitman Howard restated a hold rating and set a GBX 2,700 ($36.34) target price on shares of Cranswick in a report on Friday, September 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 2,945 ($39.64).
Cranswick (CWK) opened at GBX 3,305 ($44.48) on Friday. Cranswick has a 1-year low of GBX 2,218 ($29.85) and a 1-year high of GBX 3,497.81 ($47.08).
Cranswick (LON:CWK) last posted its earnings results on Tuesday, November 28th. The company reported GBX 70 ($0.94) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 67.20 ($0.90) by GBX 2.80 ($0.04). The business had revenue of £714.60 million for the quarter. Cranswick had a net margin of 4.68% and a return on equity of 15.21%.
The company also recently disclosed a dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, December 7th will be issued a GBX 15.10 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 0.48%.
In other news, insider Mark Bottomley acquired 28 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were purchased at an average price of GBX 2,787 ($37.51) per share, for a total transaction of £780.36 ($1,050.28).
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Cranswick Company Profile
Cranswick plc is a supplier of food products. The Company operates through Foods segment, which is engaged in the manufacture and supply of food products to the United Kingdom grocery retailers, the food service sector and other food producers. The Company provides a range of pork, gourmet sausages, cooked meats, cooked poultry, charcuterie, hand-cured and air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.
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