Cranswick (LON:CWK) Earns “Buy” Rating from Jefferies Financial Group

Cranswick (LON:CWK)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 57 ($0.72) target price on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 98.85% from the stock’s current price.

Cranswick Stock Performance

Shares of LON:CWK traded down GBX 15 ($0.19) during midday trading on Tuesday, hitting GBX 4,970 ($63.06). The company had a trading volume of 80,688 shares, compared to its average volume of 133,723. Cranswick has a 12-month low of GBX 3,728 ($47.30) and a 12-month high of GBX 5,260 ($66.73). The company has a fifty day moving average of GBX 5,054.80 and a two-hundred day moving average of GBX 4,720.86. The company has a market cap of £2.67 billion, a price-to-earnings ratio of 2,377.99, a PEG ratio of 2.62 and a beta of 0.44. The company has a debt-to-equity ratio of 13.88, a current ratio of 1.66 and a quick ratio of 1.02.

Insiders Place Their Bets

In other news, insider Christopher Aldersley sold 16,500 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of GBX 4,910 ($62.29), for a total value of £810,150 ($1,027,848.26). Also, insider Mark Bottomley sold 430 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of GBX 4,658 ($59.10), for a total transaction of £20,029.40 ($25,411.57). Company insiders own 4.54% of the company’s stock.

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.