Cranswick (LON:CWK) Shares Cross Above 200-Day Moving Average of $3,052.81

Cranswick plc (LON:CWK – Get Rating)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,052.81 ($37.80) and traded as high as GBX 3,223.25 ($39.91). Cranswick shares last traded at GBX 3,182 ($39.40), with a volume of 84,889 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CWK. Berenberg Bank restated a “buy” rating and issued a GBX 4,000 ($49.52) price target on shares of Cranswick in a research report on Wednesday, November 23rd. Shore Capital reissued a “house stock” rating on shares of Cranswick in a research note on Tuesday, November 22nd.

Cranswick Trading Up 0.4 %

The company has a debt-to-equity ratio of 19.02, a current ratio of 1.72 and a quick ratio of 1.02. The firm has a market cap of £1.71 billion and a price-to-earnings ratio of 1,672.25. The firm’s fifty day moving average is GBX 3,129.71 and its 200-day moving average is GBX 3,052.81.

Cranswick Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 27th. Investors of record on Thursday, December 15th will be given a dividend of GBX 20.60 ($0.26) per share. The ex-dividend date is Thursday, December 15th. This represents a dividend yield of 0.67%. Cranswick’s payout ratio is 39.58%.

Insider Buying and Selling at Cranswick

In related news, insider Mark Reckitt acquired 315 shares of Cranswick stock in a transaction dated Wednesday, November 23rd. The stock was bought at an average price of GBX 3,170 ($39.25) per share, with a total value of £9,985.50 ($12,362.88). In other news, insider Liz Barber bought 1,000 shares of Cranswick stock in a transaction dated Friday, January 6th. The stock was bought at an average cost of GBX 3,155 ($39.06) per share, for a total transaction of £31,550 ($39,061.53). Also, insider Mark Reckitt purchased 315 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were purchased at an average cost of GBX 3,170 ($39.25) per share, for a total transaction of £9,985.50 ($12,362.88).

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.