Cranswick (LON:CWK) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cranswick plc (LON:CWK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,517.27 ($58.65) and traded as high as GBX 5,190 ($67.39). Cranswick shares last traded at GBX 5,150 ($66.87), with a volume of 50,431 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CWK. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a research note on Monday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 50 ($0.65) target price on shares of Cranswick in a research note on Monday, July 29th.

Cranswick Stock Down 0.4 %

The firm has a market capitalization of £2.75 billion, a price-to-earnings ratio of 2,464.11, a P/E/G ratio of 2.62 and a beta of 0.44. The business has a 50 day simple moving average of GBX 4,741.13 and a 200-day simple moving average of GBX 4,517.27. The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.02 and a current ratio of 1.66.

Insider Buying and Selling at Cranswick

In other Cranswick news, insider Christopher Aldersley sold 16,500 shares of Cranswick stock in a transaction dated Friday, September 27th. The shares were sold at an average price of GBX 4,910 ($63.75), for a total transaction of £810,150 ($1,051,869.64). In other news, insider Adam Couch sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of GBX 4,757 ($61.76), for a total value of £1,189,250 ($1,544,079.46). Also, insider Christopher Aldersley sold 16,500 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of GBX 4,910 ($63.75), for a total transaction of £810,150 ($1,051,869.64). Insiders have sold 50,128 shares of company stock valued at $238,989,743 over the last 90 days. 4.54% of the stock is owned by insiders.

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.