Cranswick (CWK) Price Target Increased to GBX 3,625 by Analysts at Berenberg Bank

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Cranswick (LON:CWK) had its price objective boosted by Berenberg Bank from GBX 3,450 ($45.08) to GBX 3,625 ($47.37) in a report published on Friday. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also commented on the company. Peel Hunt reaffirmed a hold rating on shares of Cranswick in a research report on Friday. Liberum Capital reaffirmed a hold rating on shares of Cranswick in a research report on Monday, August 6th. Finally, Numis Securities reaffirmed an add rating on shares of Cranswick in a research report on Monday, July 30th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 3,343.75 ($43.69).

CWK traded up GBX 40 ($0.52) during midday trading on Friday, reaching GBX 2,940 ($38.42). 193,591 shares of the company’s stock traded hands, compared to its average volume of 57,337. Cranswick has a 52 week low of GBX 2,355 ($30.77) and a 52 week high of GBX 3,497.81 ($45.71).

In other Cranswick news, insider Adam Couch sold 25,477 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of GBX 3,246 ($42.41), for a total transaction of £826,983.42 ($1,080,600.31). Also, insider Martin T. P. Davey sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of GBX 3,340 ($43.64), for a total value of £501,000 ($654,645.24). Insiders have sold a total of 66,538 shares of company stock worth $217,608,117 in the last quarter.

Cranswick Company Profile

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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