Cranswick (LON:CWK) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Posted by Tech Dows on Dec 26th, 2024

Cranswick plc (LON:CWK – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,742.85 ($59.49) and traded as high as GBX 4,930 ($61.83). Cranswick shares last traded at GBX 4,865 ($61.02), with a volume of 13,984 shares changing hands.

Analysts Set New Price Targets

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

Read Our Latest Analysis on CWK

Cranswick Trading Up 0.1 %

The business has a 50-day moving average of GBX 5,034.90 and a 200-day moving average of GBX 4,746.37. The stock has a market capitalization of £2.61 billion, a price-to-earnings ratio of 2,327.75, a PEG 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.

Cranswick Cuts Dividend

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

Insider Activity at Cranswick

In other Cranswick news, insider Christopher Aldersley sold 16,500 shares of Cranswick stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of GBX 4,910 ($61.58), for a total value of £810,150 ($1,016,116.89). 4.54% of the stock is owned by insiders.

About Cranswick

(Get Free Report)

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.