Jefferies Financial Group Reiterates “Buy” Rating for Cranswick (LON:CWK)

Cranswick (LON:CWK)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 57 ($0.72) price objective on the stock. Jefferies Financial Group’s target price indicates a potential downside of 98.85% from the stock’s current price.

Cranswick Price Performance

LON CWK traded down GBX 15 ($0.19) during trading hours on Tuesday, reaching GBX 4,970 ($63.06). 80,688 shares of the stock traded hands, compared to its average volume of 133,723. The company has a market cap of £2.67 billion, a price-to-earnings ratio of 2,377.99, a price-to-earnings-growth 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. Cranswick has a 1 year low of GBX 3,728 ($47.30) and a 1 year high of GBX 5,260 ($66.73). The stock has a 50 day simple moving average of GBX 5,054.80 and a two-hundred day simple moving average of GBX 4,720.86.

Insiders Place Their Bets

In other Cranswick news, insider Christopher Aldersley sold 16,500 shares of Cranswick stock in a transaction on Friday, September 27th. The stock was sold at an average price of GBX 4,910 ($62.29), for a total value of £810,150 ($1,027,848.26). Also, insider Mark Bottomley sold 430 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of GBX 4,658 ($59.10), for a total value of £20,029.40 ($25,411.57). 4.54% of the stock is owned by corporate 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.