Andrew Wade, an analyst from Jefferies, has initiated a new Buy rating on Cranswick (CWK).
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Andrew Wade has given his Buy rating due to a combination of factors that highlight Cranswick’s strong performance and promising outlook. The company reported a robust start to the year with like-for-like growth of 7.9%, an improvement from the previous half-year period. This growth was primarily driven by new business wins, enhanced alignment with retail partners, and the success of their premium added-value product ranges.
Additionally, Cranswick’s total growth, including the acquisition of Blakemans, reached 9.7%, surpassing the fiscal year 2026 guidance. The company’s divisions, such as Export, Poultry, and Pets, showed strong revenue performance, with notable developments including a new banking facility on favorable terms and significant investments to support new business ventures. These positive developments contribute to a favorable outlook for Cranswick, supporting the Buy rating.
Wade covers the Consumer Cyclical sector, focusing on stocks such as Greggs plc, B&M European Value Retail SA, and Games Workshop. According to TipRanks, Wade has an average return of 4.9% and a 55.14% success rate on recommended stocks.
In another report released on July 28, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p5,934.00 price target.