Berenberg hikes target on Cranswick, expects company to outperform

Analysts at Berenberg hiked their target price for shares of Cranswick.

In their view, the food producer would be able to continue outperforming rivals in terms of volumes.

They also said that high pork pricing would allow Cranswick to deliver better-than-expected outcomes.

And yet, the company's shares were changing hands around one standard deviation beneath its long-run historical averages.

Their target price was raised from 4,000.0p to 4,600.0p and reiterated their 'buy' recommendation.