Cranswick plc’s (LON:CWK) Hold Rating Reiterated at Numis Securities Ltd
Numis Securities Ltd restated their hold rating on shares of Cranswick plc (LON:CWK) in a research report sent to investors on Tuesday, July 25th. Numis Securities Ltd currently has a GBX 2,870 ($37.26) target price on the stock.
CWK has been the subject of a number of other research reports. Liberum Capital reissued a buy rating and issued a GBX 2,600 ($33.75) target price on shares of Cranswick plc in a research note on Monday, March 27th. Berenberg Bank reissued a buy rating and issued a GBX 2,850 ($37.00) target price on shares of Cranswick plc in a research note on Tuesday, April 25th. Whitman Howard reissued a hold rating and issued a GBX 2,460 ($31.94) target price on shares of Cranswick plc in a research note on Friday, May 19th. Peel Hunt boosted their target price on Cranswick plc from GBX 2,400 ($31.16) to GBX 2,600 ($33.75) and gave the company a hold rating in a research note on Tuesday, May 23rd. Finally, Shore Capital restated a house stock rating on shares of Cranswick plc in a report on Tuesday, May 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 2,765.71 ($35.90).
Shares of Cranswick plc (CWK) opened at 2993.00 on Tuesday. The company has a 50-day moving average price of GBX 2,872.35 and a 200-day moving average price of GBX 2,678.09. Cranswick plc has a 12 month low of GBX 2,092.35 and a 12 month high of GBX 3,092.00. The firm’s market capitalization is GBX 1.51 billion.
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The company also recently announced a dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, June 29th will be issued a dividend of GBX 31 ($0.40) per share. This is an increase from Cranswick plc’s previous dividend of $13.10. The ex-dividend date of this dividend is Thursday, June 29th. This represents a dividend yield of 1.05%.
In related news, insider Jim Brisby sold 12,925 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of GBX 2,832 ($36.76), for a total value of £366,036 ($475,186.29).
Cranswick plc 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.
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