Cranswick plc (LON:CWK) announced a dividend on Tuesday, November 28th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 7th will be given a dividend of GBX 15.10 ($0.20) per share on Friday, January 26th. This represents a yield of 0.48%. The ex-dividend date of this dividend is Thursday, December 7th. The official announcement can be viewed at this link.
Cranswick (LON:CWK) traded down GBX 19 ($0.26) during trading on Wednesday, reaching GBX 3,077 ($41.41). The company’s stock had a trading volume of 32,209 shares, compared to its average volume of 68,734. Cranswick has a twelve month low of GBX 2,148 ($28.91) and a twelve month high of GBX 3,361 ($45.24).
Cranswick (LON:CWK) last posted its quarterly earnings results on Tuesday, November 28th. The company reported GBX 70 ($0.94) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 67.20 ($0.90) by GBX 2.80 ($0.04). The business had revenue of £714.60 million for the quarter. Cranswick had a return on equity of 15.21% and a net margin of 4.68%.
CWK has been the subject of several analyst reports. Numis Securities raised Cranswick to an “add” rating and boosted their price objective for the company from GBX 2,870 ($38.63) to GBX 3,350 ($45.09) in a report on Tuesday, November 28th. Berenberg Bank reissued a “buy” rating and issued a GBX 3,225 ($43.41) price objective on shares of Cranswick in a report on Friday, September 15th. Liberum Capital reissued a “hold” rating and issued a GBX 2,990 ($40.24) price objective on shares of Cranswick in a report on Tuesday, November 28th. Whitman Howard reissued a “hold” rating and issued a GBX 2,700 ($36.34) price objective on shares of Cranswick in a report on Friday, September 29th. Finally, Shore Capital reissued a “house stock” rating on shares of Cranswick in a report on Tuesday, November 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 2,912.86 ($39.20).
In other Cranswick news, insider Mark Bottomley purchased 28 shares of Cranswick stock in a transaction that occurred on Wednesday, September 20th. The stock was bought at an average price of GBX 2,787 ($37.51) per share, with a total value of £780.36 ($1,050.28).
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Cranswick plc is a supplier of food products. The Company operates through Foods segment, which is engaged in the manufacture and supply of food products to the United Kingdom grocery retailers, the food service sector and other food producers. The Company provides a range of pork, gourmet sausages, cooked meats, cooked poultry, charcuterie, hand-cured and air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.
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