Cranswick’s (CWK) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Cranswick (LON:CWK) in a report released on Tuesday, Marketbeat reports. Jefferies Financial Group currently has a GBX 57 ($0.71) price target on the stock.

Cranswick Stock Performance

Shares of CWK stock opened at GBX 4,950 ($61.87) on Tuesday. Cranswick has a 1-year low of GBX 3,728 ($46.59) and a 1-year high of GBX 5,260 ($65.74). The company has a market cap of £2.66 billion, a price-to-earnings ratio of 2,368.42, a PEG ratio of 2.62 and a beta of 0.44. The company has a debt-to-equity ratio of 13.88, a current ratio of 1.66 and a quick ratio of 1.02. The stock has a 50 day simple moving average of GBX 5,045.54 and a 200-day simple moving average of GBX 4,736.37.

Cranswick Cuts Dividend

The business also recently announced 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 currently 4,306.22%.

Insider Buying and Selling

In other news, insider Christopher Aldersley sold 16,500 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of GBX 4,910 ($61.37), for a total transaction of £810,150 ($1,012,560.93). Also, insider Mark Bottomley sold 430 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of GBX 4,658 ($58.22), for a total transaction of £20,029.40 ($25,033.62). Insiders own 4.54% of the company’s stock.

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.