Cranswick (LON:CWK) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Cranswick plc (LON:CWK)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,774.24 ($59.31) and traded as high as GBX 4,915 ($61.06). Cranswick shares last traded at GBX 4,860 ($60.37), with a volume of 36,709 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 57 ($0.71) target price on shares of Cranswick in a research report on Tuesday, December 17th.

Cranswick Trading Down 0.7 %

The stock has a market capitalization of £2.61 billion, a P/E ratio of 2,325.36, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 13.88. The company has a fifty day simple moving average of GBX 4,988.10 and a two-hundred day simple moving average of GBX 4,774.24.

Cranswick Cuts Dividend

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

About Cranswick

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.