Cranswick (LON:CWK) Share Price Crosses Above 50-Day Moving Average of $2,687.88

Cranswick plc (LON:CWK) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2,687.88 and traded as high as $2,574.00. Cranswick shares last traded at $2,562.00, with a volume of 23,188 shares changing hands.

CWK has been the subject of a number of research analyst reports. Liberum Capital reissued a “buy” rating on shares of Cranswick in a research report on Friday, April 12th. Numis Securities raised Cranswick to a “buy” rating in a research report on Wednesday, May 1st. Peel Hunt reissued a “hold” rating on shares of Cranswick in a research report on Tuesday, May 28th. HSBC reissued a “hold” rating on shares of Cranswick in a research report on Monday, March 11th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 3,050 ($39.85) target price on shares of Cranswick in a research report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 2,926 ($38.23).

The business has a 50-day moving average of GBX 2,680.28. The company has a quick ratio of 1.15, a current ratio of 1.72 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $1.34 billion and a P/E ratio of 19.17.

The business also recently disclosed a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, July 18th will be given a dividend of GBX 40 ($0.52) per share. This represents a yield of 1.38%. This is a boost from Cranswick’s previous dividend of $15.90. The ex-dividend date is Thursday, July 18th. Cranswick’s dividend payout ratio (DPR) is presently 0.42%.

In other Cranswick news, insider Mark Bottomley sold 776 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of GBX 2,580 ($33.71), for a total transaction of £20,020.80 ($26,160.72).

About Cranswick (LON:CWK)

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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