Peel Hunt Reiterates “Hold” Rating for Cranswick (LON:CWK)

Peel Hunt reaffirmed their hold rating on shares of Cranswick (LON:CWK – Get Rating) in a report published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 3,800 ($47.26) price objective on the stock.

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

Cranswick Stock Up 5.4 %

Shares of CWK opened at GBX 3,310 ($41.17) on Tuesday. The stock has a market capitalization of £1.77 billion, a PE ratio of 1,732.98, a P/E/G ratio of 2.62 and a beta of 0.51. Cranswick has a 1 year low of GBX 2,548 ($31.69) and a 1 year high of GBX 3,394 ($42.21). The company has a debt-to-equity ratio of 19.02, a quick ratio of 1.02 and a current ratio of 1.72. The company’s 50-day simple moving average is GBX 3,083.56 and its 200-day simple moving average is GBX 3,100.70.

Cranswick Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, July 20th will be issued a GBX 58.80 ($0.73) dividend. This is a boost from Cranswick’s previous dividend of $20.60. The ex-dividend date of this dividend is Thursday, July 20th. This represents a yield of 1.87%. Cranswick’s dividend payout ratio (DPR) is 3,979.06%.

Cranswick Company Profile

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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.