Mark Bottomley Sells 8,197 Shares of Cranswick plc (LON:CWK) Stock

Cranswick plc (LON:CWK) insider Mark Bottomley sold 8,197 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of GBX 4,519 ($57.75), for a total transaction of £370,422.43 ($473,383.30).

Cranswick Price Performance

CWK stock traded up GBX 5 ($0.06) during midday trading on Tuesday, reaching GBX 4,580 ($58.53). The stock had a trading volume of 9,215,608 shares, compared to its average volume of 151,433. Cranswick plc has a 52-week low of GBX 3,158 ($40.36) and a 52-week high of GBX 4,795 ($61.28). The company has a market cap of £2.48 billion, a price-to-earnings ratio of 2,180.95, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. The company’s fifty day simple moving average is GBX 4,478.94 and its 200 day simple moving average is GBX 4,242.55. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.88.

Cranswick Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, July 18th will be issued a GBX 67.30 ($0.86) dividend. This represents a dividend yield of 1.53%. The ex-dividend date is Thursday, July 18th. This is a boost from Cranswick’s previous dividend of $22.70. Cranswick’s dividend payout ratio (DPR) is currently 4,285.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CWK. Shore Capital reissued a “house stock” rating on shares of Cranswick in a report on Monday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 50 ($0.64) target price on shares of Cranswick in a report on Monday, July 29th. Finally, Berenberg Bank raised their price target on shares of Cranswick from GBX 4,921 ($62.89) to GBX 5,312 ($67.88) and gave the company a “buy” rating in a research report on Tuesday, May 21st.

Cranswick Company Profile

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.