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

Shore Capital restated their house stock rating on shares of Cranswick (LON:CWK) in a research note published on Tuesday morning, Digital Look reports.

Several other brokerages have also recently weighed in on CWK. Liberum Capital started coverage on shares of Cranswick in a research note on Tuesday. They issued a buy rating and a GBX 3,800 ($49.99) price objective on the stock. Peel Hunt increased their price objective on shares of Cranswick from GBX 3,100 ($40.78) to GBX 3,200 ($42.09) and gave the stock a hold rating in a research note on Tuesday. Finally, HSBC reiterated a hold rating on shares of Cranswick in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Cranswick has a consensus rating of Hold and an average target price of GBX 3,410 ($44.86).

Shares of LON:CWK opened at GBX 3,846 ($50.59) on Tuesday. The firm’s 50 day moving average price is GBX 3,501.24 and its 200-day moving average price is GBX 3,130.48. Cranswick has a twelve month low of GBX 2,454 ($32.28) and a twelve month high of GBX 3,842.50 ($50.55). The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 24.05. The stock has a market capitalization of $2.01 billion and a PE ratio of 27.12.

The firm also recently disclosed a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, December 12th were paid a GBX 16.70 ($0.22) dividend. This represents a dividend yield of 0.52%. The ex-dividend date was Thursday, December 12th. Cranswick’s dividend payout ratio (DPR) is presently 0.40%.

About Cranswick

Cranswick plc produces and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. It offers fresh pork, gourmet bacon and gammon, fresh chicken, and prepared chicken and poultry products, as well as gourmet sausages, cooked meats, continental foods, handmade pastries, and British charcuteries.

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Analyst Recommendations for Cranswick (LON:CWK)

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