Cranswick’s (CWK) Hold Rating Reiterated at Liberum Capital

Liberum Capital reiterated their hold rating on shares of Cranswick (LON:CWK) in a research note released on Monday. They currently have a GBX 3,300 ($44.41) price target on the stock.

CWK has been the subject of several other reports. Whitman Howard reissued a hold rating and set a GBX 2,700 ($36.34) price objective on shares of Cranswick in a research note on Friday, September 29th. Shore Capital reissued a house stock rating on shares of Cranswick in a research note on Tuesday, November 28th. Numis Securities raised shares of 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 research note on Tuesday, November 28th. Finally, Berenberg Bank reissued a buy rating and set a GBX 3,225 ($43.41) price objective on shares of Cranswick in a research note on Friday, September 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 2,912.86 ($39.20).

Cranswick (CWK) opened at GBX 3,060 ($41.18) on Monday. Cranswick has a twelve month low of GBX 2,151 ($28.95) and a twelve month high of GBX 3,361 ($45.24).

Cranswick (LON:CWK) last issued 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 company had revenue of £714.60 million during the quarter. Cranswick had a return on equity of 15.21% and a net margin of 4.68%.

The firm also recently declared a dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, December 7th will be given a dividend of GBX 15.10 ($0.20) per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 0.48%.

In other Cranswick news, insider Mark Bottomley purchased 28 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was purchased at an average cost of GBX 2,787 ($37.51) per share, with a total value of £780.36 ($1,050.28).

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Cranswick Company Profile

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.

Analyst Recommendations for Cranswick (LON:CWK)

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