Jefferies analyst Andrew Wade maintained a Buy rating on Cranswick today and set a price target of £62.00.
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Andrew Wade has given his Buy rating due to a combination of factors that reflect positively on Cranswick’s operations and future prospects. The recent independent veterinary review of Cranswick’s pig farming operations found compliance with legislation and animal welfare standards, which aligns with the company’s core values and addresses previous concerns. This positive outcome reassures stakeholders about the company’s commitment to ethical practices.
Furthermore, Cranswick has accepted several recommendations from the review, including significant investments in training, standard practices, and technology enhancements such as advanced CCTV. The planned investment of over £40 million over three years demonstrates Cranswick’s proactive approach to modernizing its operations, which is likely to enhance efficiency and sustainability. These strategic initiatives are expected to strengthen Cranswick’s market position, justifying the Buy rating.
In another report released on October 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p5,558.00 price target.