Insider Selling: Cranswick plc (LON:CWK) Insider Sells £1,189,250 in Stock

Cranswick plc (LON:CWK) insider Adam Couch sold 25,000 shares of Cranswick stock in a transaction on Thursday, August 1st. The stock was sold at an average price of GBX 4,757 ($60.79), for a total transaction of £1,189,250 ($1,519,808.31).

Cranswick Price Performance

CWK stock opened at GBX 4,580 ($58.53) on Thursday. The company has a market cap of £2.48 billion, a P/E ratio of 2,180.95, a P/E/G ratio of 2.62 and a beta of 0.43. 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’s 50-day moving average price is GBX 4,488.76 and its 200 day moving average price is GBX 4,253.89. 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 disclosed a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, July 18th will be issued a dividend of GBX 67.30 ($0.86) per share. The ex-dividend date of this dividend is Thursday, July 18th. This represents a yield of 1.53%. This is an increase from Cranswick’s previous dividend of $22.70. Cranswick’s payout ratio is currently 4,285.71%.

Analyst Ratings Changes

CWK has been the topic of several research analyst reports. Berenberg Bank lifted their price target on shares of Cranswick from GBX 4,921 ($62.89) to GBX 5,312 ($67.88) and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Jefferies Financial Group restated a “buy” rating and issued a GBX 50 ($0.64) price objective on shares of Cranswick in a research note on Monday, July 29th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a report on Monday, July 29th.

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.