Numis Securities Downgrades Cranswick (CWK) to Add

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Cranswick (LON:CWK) was downgraded by stock analysts at Numis Securities to an “add” rating in a report issued on Friday, ThisIsMoney.Co.Uk reports.

CWK has been the subject of several other research reports. HSBC dropped their price objective on shares of Cranswick from GBX 2,810 ($36.72) to GBX 2,680 ($35.02) and set a “hold” rating for the company in a research report on Friday, February 8th. Liberum Capital reissued a “buy” rating on shares of Cranswick in a research report on Friday, February 1st. Peel Hunt reissued a “hold” rating on shares of Cranswick in a research report on Monday, February 18th. Finally, Berenberg Bank dropped their price objective on shares of Cranswick from GBX 3,550 ($46.39) to GBX 3,050 ($39.85) and set a “buy” rating for the company in a research report on Wednesday, February 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,926 ($38.23).

Cranswick stock opened at GBX 2,732 ($35.70) on Friday. Cranswick has a 52-week low of GBX 2,340 ($30.58) and a 52-week high of GBX 3,502 ($45.76). The firm has a market capitalization of $1.41 billion and a PE ratio of 20.48.

In other news, insider Martin T. P. Davey sold 485 shares of the company’s stock in a transaction on Friday, March 29th. The shares were sold at an average price of GBX 2,683 ($35.06), for a total value of £13,012.55 ($17,003.20). Also, insider Martin T. P. Davey sold 618 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 2,514 ($32.85), for a total transaction of £15,536.52 ($20,301.22).

Cranswick Company Profile

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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