Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Cranswick ( (GB:CWK) ) has issued an announcement.
Cranswick reported strong trading in the first quarter of the financial year, with a 9.7% increase in revenue compared to the previous year, driven by new business wins and strong demand for premium products. The acquisition of Blakemans contributed positively, and export revenue was bolstered by the reinstatement of the Norfolk pork site’s China export license. The company is accelerating capital expenditure to enhance capacity and efficiency, with significant investment in the Lincoln Pet Products site. Cranswick also refinanced its banking facility, securing a £360 million revolving credit facility to support future growth.
The most recent analyst rating on (GB:CWK) stock is a Hold with a £4900.00 price target. To see the full list of analyst forecasts on Cranswick stock, see the GB:CWK Stock Forecast page.
Spark’s Take on GB:CWK Stock
According to Spark, TipRanks’ AI Analyst, GB:CWK is a Outperform.
Cranswick’s strong financial performance, supported by robust revenue growth and profitability, is the primary driver of its solid stock score. The positive corporate events, including insider purchases and strategic initiatives, reinforce confidence in future performance. However, the technical indicators suggest a neutral short-term outlook, and the valuation is fair, reflecting its growth potential.
To see Spark’s full report on GB:CWK stock, click here.
More about Cranswick
Cranswick is a leading UK food producer specializing in premium, fresh, and added-value food products. The company operates 23 facilities across the UK, producing a range of high-quality foods including fresh pork, poultry, gourmet products, and pet food. Cranswick supplies major grocery chains and has a strong presence in the food-to-go sector and export markets.
Average Trading Volume: 102,712
Technical Sentiment Signal: Buy
Current Market Cap: £2.85B
Learn more about CWK stock on TipRanks’ Stock Analysis page.