Cranswick (LON:CWK) Shares Cross Above 200 Day Moving Average - Here's Why

Cranswick plc (LON:CWK - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Analyst Weigh In

CWK has been the topic of several recent research reports. Jefferies Financial Group reiterated a "buy" rating and set a GBX 50 ($0.65) target price on shares of Cranswick in a research report on Monday, July 29th. Shore Capital reiterated a "house stock" rating on shares of Cranswick in a research report on Monday, July 29th.

Cranswick Stock Performance

The stock has a market capitalization of £2.76 billion, a price-to-earnings ratio of 2,454.55, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 13.88. The stock's 50-day simple moving average is GBX 4,741.13 and its 200 day simple moving average is GBX 4,517.27.

Insider Buying and Selling at Cranswick

In other Cranswick news, insider Christopher Aldersley sold 16,500 shares of the business's 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 value of £810,150 ($1,051,869.64). In other news, insider Christopher Aldersley sold 16,500 shares of the company'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). Also, insider Adam Couch sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of GBX 4,757 ($61.76), for a total transaction of £1,189,250 ($1,544,079.46). Insiders have sold a total of 50,128 shares of company stock worth $238,989,743 over the last ninety days. Corporate insiders own 4.54% of the company's stock.

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.