Berenberg hikes target on Cranswick, expects company to outperform
Cranswick
5,060.00p
15:45 22/11/24
2.33%
115.00p
Analysts at Berenberg hiked their target price for shares of Cranswick.
Food Producers & Processors
7,952.88
15:34 22/11/24
1.20%
94.17
FTSE 250
20,584.46
15:45 22/11/24
n/a
n/a
FTSE 350
4,551.10
15:45 22/11/24
n/a
n/a
FTSE All-Share
4,506.61
15:45 22/11/24
n/a
n/a
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.