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

Posted by Stanley Muller on Nov 15th, 2024

Cranswick plc (LON:CWK – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,626.18 ($58.30) and traded as high as GBX 5,104.16 ($64.32). Cranswick shares last traded at GBX 5,050 ($63.64), with a volume of 93,019 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 50 ($0.63) price target on shares of Cranswick in a research report on Monday, July 29th. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research report on Monday, July 29th.

Check Out Our Latest Stock Analysis on Cranswick

Cranswick Trading Down 1.2 %

The stock has a 50-day simple moving average of GBX 4,957.89 and a two-hundred day simple moving average of GBX 4,626.18. The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.02 and a current ratio of 1.66. The firm has a market cap of £2.68 billion, a PE ratio of 2,416.27, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44.

Insiders Place Their Bets

In other Cranswick news, insider Christopher Aldersley sold 16,500 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of GBX 4,910 ($61.88), for a total transaction of £810,150 ($1,020,982.99). Also, insider Mark Bottomley sold 430 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of GBX 4,658 ($58.70), for a total value of £20,029.40 ($25,241.84). Insiders own 4.54% of the company’s stock.

About Cranswick

(Get Free Report)

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.