Berenberg hikes target on Cranswick, expects company to outperform
Cranswick
4,860.00p
16:35 23/12/24
-1.62%
-80.00p
Analysts at Berenberg hiked their target price for shares of Cranswick.
Food Producers & Processors
7,570.27
17:09 23/12/24
-1.12%
-85.84
FTSE 250
20,419.09
17:09 23/12/24
n/a
n/a
FTSE 350
4,471.06
17:09 23/12/24
n/a
n/a
FTSE All-Share
4,428.73
16:44 23/12/24
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.