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

Cranswick plc (LON:CWK)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,774.24 ($59.31) and traded as high as GBX 4,915 ($61.06). Cranswick shares last traded at GBX 4,860 ($60.37), with a volume of 36,709 shares.

Analyst Ratings Changes

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

Cranswick Price Performance

The business has a fifty day moving average price of GBX 4,988.10 and a 200 day moving average price of GBX 4,774.24. The company has a market cap of £2.61 billion, a price-to-earnings ratio of 2,325.36, 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 business also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be issued a GBX 25 ($0.31) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 0.49%. Cranswick’s dividend payout ratio (DPR) is currently 4,306.22%.

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.