Shore Capital Reaffirms “House Stock” Rating for Cranswick (LON:CWK)

Shore Capital reiterated their house stock rating on shares of Cranswick (LON:CWK – Get Rating) in a research report report published on Tuesday, Marketbeat Ratings reports.

Cranswick Stock Up 5.4 %

CWK opened at GBX 3,310 ($41.17) on Tuesday. The company has a debt-to-equity ratio of 19.02, a quick ratio of 1.02 and a current ratio of 1.72. Cranswick has a fifty-two week low of GBX 2,548 ($31.69) and a fifty-two week high of GBX 3,394 ($42.21). The firm’s fifty day moving average is GBX 3,083.56 and its 200 day moving average is GBX 3,100.70. The stock has a market cap of £1.77 billion, a price-to-earnings ratio of 1,732.98, a price-to-earnings-growth ratio of 2.62 and a beta of 0.51.

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 paid a dividend of GBX 58.80 ($0.73) per share. 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 dividend yield of 1.87%. Cranswick’s payout ratio 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.