Cranswick (LON:CWK) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Cranswick (LON:CWK) in a research note published on Tuesday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has a GBX 57 ($0.71) target price on the stock.

Cranswick Stock Performance

Shares of CWK stock opened at GBX 4,950 ($61.87) on Tuesday. Cranswick has a 1-year low of GBX 3,728 ($46.59) and a 1-year high of GBX 5,260 ($65.74). The firm has a market cap of £2.66 billion, a PE ratio of 2,368.42, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The company has a 50-day moving average of GBX 5,045.54 and a two-hundred day moving average of GBX 4,736.37. The company has a debt-to-equity ratio of 13.88, a current ratio of 1.66 and a quick ratio of 1.02.

Cranswick Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, December 12th will be given a GBX 25 ($0.31) dividend. This represents a yield of 0.49%. The ex-dividend date of this dividend is Thursday, December 12th. Cranswick’s payout ratio is 4,306.22%.

Insiders Place Their Bets

In other Cranswick news, insider Christopher Aldersley sold 16,500 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of GBX 4,910 ($61.37), for a total transaction of £810,150 ($1,012,560.93). Also, insider Mark Bottomley sold 430 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of GBX 4,658 ($58.22), for a total transaction of £20,029.40 ($25,033.62). 4.54% of the stock is owned by insiders.

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.