Mark Bottomley Sells 8,197 Shares of Cranswick plc (LON:CWK) Stock

Cranswick plc (LON:CWK) insider Mark Bottomley sold 8,197 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of GBX 4,519 ($57.75), for a total value of £370,422.43 ($473,383.30).

Cranswick Trading Down 1.2 %

Shares of Cranswick stock opened at GBX 4,525 ($57.83) on Friday. The firm has a market capitalization of £2.45 billion, a price-to-earnings ratio of 2,154.76, a PEG ratio of 2.62 and a beta of 0.43. The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.02 and a current ratio of 1.66. Cranswick plc has a fifty-two week low of GBX 3,158 ($40.36) and a fifty-two week high of GBX 4,795 ($61.28). The stock has a 50 day moving average of GBX 4,491.36 and a 200 day moving average of GBX 4,255.77.

Cranswick Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Shore Capital reiterated a “house stock” rating on shares of Cranswick in a research report on Monday, July 29th. Berenberg Bank increased their target price on Cranswick from GBX 4,921 ($62.89) to GBX 5,312 ($67.88) and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 50 ($0.64) target price on shares of Cranswick in a research note on Monday, July 29th.

About Cranswick

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.