Cranswick (LON:CWK) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Cranswick plc (LON:CWK) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,855.55 ($61.02) and traded as high as GBX 5,030 ($63.21). Cranswick shares last traded at GBX 5,010 ($62.96), with a volume of 98,645 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Cranswick in a report on Tuesday, January 21st.

Cranswick Stock Up 0.4 %

The stock has a fifty day simple moving average of GBX 4,909.21 and a two-hundred day simple moving average of GBX 4,855.55. The firm has a market cap of £2.70 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98.

Cranswick (LON:CWK) last released its quarterly earnings data on Tuesday, November 26th. The company reported GBX 132.10 ($1.66) EPS for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.64%. As a group, sell-side analysts expect that Cranswick plc will post 258.5590189 EPS for the current fiscal year.

Cranswick Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, December 12th were given a dividend of GBX 25 ($0.31) per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a dividend yield of 0.49%. Cranswick’s dividend payout ratio (DPR) is currently 42.83%.

Cranswick Company Profile

Cranswick is a leading and innovative British supplier of premium, fresh and added value food products, with revenues in excess of £2.0 billion. We produce and supply premium food to UK grocery retailers, the food service sector and other global food producers.

Our core market is the United Kingdom where we provide a range of high quality, predominantly fresh food including Fresh Pork, Poultry, Convenience and Gourmet Products and more recently have further expanded our portfolio by adding high quality pet food.