Market's view on Cranswick
Published on April 2024
- A stock watcher indicates that Cranswick shares are nearing an all-time high and suggests that a festive season boost might further elevate the share price.
- Discussions include mentions of positive trading updates and strong financial results, with predictions of reaching £40 per share soon due to above-expectation trading updates and forthcoming broker notes.
- Cranswick has been started by Barclays with an ‘overweight’ rating and a price target of 4,580 pence, noting strong potential in the market.
- Amidst strong financial performance and favourable market conditions, analysts are optimistic, pointing towards a positive trajectory for Cranswick’s stock, especially highlighting potential in the pet food segment which could significantly boost revenues.
- The stock is also mentioned in IC’s list of ‘4 Best British Stocks for 2023’ due to its technical achievements and growth prospects.
- There is a recurring discussion on the implications of stock distributions, such as directors selling shares they acquired through options.
- A stock watcher discusses potential vulnerabilities to a takeover bid, citing falling costs and a high target price which makes Cranswick appear expensive in value terms.
- The company’s alignment with well-performing retailers and the outperformance of its major customers relative to peers are highlighted as key factors behind its strong trading momentum.
- There are mentions of historical financial performance with details on revenue, adjusted group operating profit, and net debt, emphasizing the company’s strong balance sheet and consistent dividend growth.
- Seasonal influences on stock performance are pointed out, with references to how summer weather and festive periods potentially boost sales.