Adam Couch Sells 25,000 Shares of Cranswick plc (LON:CWK) Stock

Cranswick plc (LON:CWK) insider Adam Couch sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of GBX 4,757 ($60.79), for a total value of £1,189,250 ($1,519,808.31).

Cranswick Price Performance

Cranswick stock opened at GBX 4,580 ($58.53) on Wednesday. The company has a debt-to-equity ratio of 13.88, a current ratio of 1.66 and a quick ratio of 1.02. The business has a 50 day simple moving average of GBX 4,485.36 and a 200-day simple moving average of GBX 4,251.70. Cranswick plc has a 12 month low of GBX 3,158 ($40.36) and a 12 month high of GBX 4,795 ($61.28). The stock has a market capitalization of £2.48 billion, a PE ratio of 2,180.95, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43.

Cranswick Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, July 18th will be given a dividend of GBX 67.30 ($0.86) per share. The ex-dividend date is Thursday, July 18th. This represents a yield of 1.53%. This is an increase from Cranswick’s previous dividend of $22.70. Cranswick’s dividend payout ratio is presently 4,285.71%.

Analyst Upgrades and Downgrades

CWK has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 50 ($0.64) price target on shares of Cranswick in a research report on Monday, July 29th. Berenberg Bank upped their target price on shares of Cranswick from GBX 4,921 ($62.89) to GBX 5,312 ($67.88) and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Shore Capital reissued a “house stock” rating on shares of Cranswick in a report on Monday, July 29th.

Cranswick Company Profile

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, and gourmet pastries, as well as provides food services.