Cranswick (LON:CWK) Earns “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Cranswick (LON:CWK) in a report published on Tuesday morning, Marketbeat reports. The brokerage currently has a GBX 57 ($0.72) target price on the stock.

Cranswick Stock Down 1.0 %

CWK stock opened at GBX 4,935 ($62.74) on Tuesday. The company has a market cap of £2.65 billion, a price-to-earnings ratio of 2,361.24, a P/E/G ratio of 2.62 and a beta of 0.44. The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.02 and a current ratio of 1.66. The business’s 50-day moving average is GBX 5,052.44 and its two-hundred day moving average is GBX 4,725.10. Cranswick has a fifty-two week low of GBX 3,728 ($47.39) and a fifty-two week high of GBX 5,260 ($66.87).

Cranswick Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, December 12th will be issued a GBX 25 ($0.32) dividend. This represents a yield of 0.49%. The ex-dividend date is Thursday, December 12th. Cranswick’s dividend payout ratio is currently 4,306.22%.

Insider Buying and Selling

In other news, insider Mark Bottomley sold 430 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of GBX 4,658 ($59.22), for a total transaction of £20,029.40 ($25,463.26). Also, insider Christopher Aldersley sold 16,500 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of GBX 4,910 ($62.42), for a total transaction of £810,150 ($1,029,938.98). 4.54% of the stock is currently owned by company 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.