Cranswick (CWK) Price Target Lowered to GBX 3,050 at Berenberg Bank

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Cranswick (LON:CWK) had its price target decreased by analysts at Berenberg Bank from GBX 3,550 ($46.39) to GBX 3,050 ($39.85) in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 22.00% from the company’s previous close.

A number of other brokerages have also recently issued reports on CWK. Liberum Capital raised shares of Cranswick to a “buy” rating in a report on Thursday, January 10th. Peel Hunt reiterated a “hold” rating on shares of Cranswick in a research report on Monday, November 19th. HSBC assumed coverage on shares of Cranswick in a research report on Friday, January 25th. They issued a “hold” rating and a GBX 2,810 ($36.72) price target on the stock. Finally, Numis Securities reiterated an “add” rating and issued a GBX 3,450 ($45.08) price target on shares of Cranswick in a research report on Tuesday, November 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Cranswick currently has a consensus rating of “Hold” and a consensus target price of GBX 2,976 ($38.89).

Shares of Cranswick stock opened at GBX 2,500 ($32.67) on Wednesday. Cranswick has a 12-month low of GBX 2,355 ($30.77) and a 12-month high of GBX 3,497.81 ($45.71).

Cranswick (LON:CWK) last issued its earnings results on Tuesday, November 27th. The company reported GBX 70 ($0.91) earnings per share (EPS) for the quarter.

In other Cranswick news, insider Tim Smith purchased 1,500 shares of the stock in a transaction dated Tuesday, February 12th. The shares were acquired at an average cost of GBX 2,585 ($33.78) per share, for a total transaction of £38,775 ($50,666.41).

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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Analyst Recommendations for Cranswick (LON:CWK)

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