Berenberg Bank Reaffirms “Buy” Rating for Cranswick (LON:CWK)

Berenberg Bank restated their buy rating on shares of Cranswick (LON:CWKGet Rating) in a research report released on Wednesday morning, reports. The firm currently has a GBX 4,000 ($47.30) target price on the stock.

Separately, Shore Capital restated a house stock rating on shares of Cranswick in a report on Tuesday.

Cranswick Stock Performance

Shares of CWK stock opened at GBX 3,174 ($37.53) on Wednesday. The firm’s 50 day moving average price is GBX 2,881.37 and its 200-day moving average price is GBX 3,032.28. The company has a debt-to-equity ratio of 13.81, a quick ratio of 0.91 and a current ratio of 1.54. Cranswick has a one year low of GBX 2,548 ($30.13) and a one year high of GBX 3,888 ($45.97). The firm has a market cap of £1.70 billion and a P/E ratio of 1,619.49.

Cranswick Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, December 15th will be issued a dividend of GBX 20.60 ($0.24) per share. The ex-dividend date is Thursday, December 15th. This represents a yield of 0.67%. Cranswick’s dividend payout ratio (DPR) is presently 36.56%.

Insiders Place Their Bets

In other Cranswick news, insider Mark Bottomley bought 639 shares of Cranswick stock in a transaction on Tuesday, September 13th. The shares were bought at an average cost of GBX 3,127 ($36.98) per share, for a total transaction of £19,981.53 ($23,627.21).

About Cranswick

(Get Rating)

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, gourmet pastries, and ingredients, as well as cheeses and pasta.

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