Berenberg hikes target on Cranswick, expects company to outperform
Cranswick
5,030.00p
16:40 27/09/24
6.68%
315.00p
Analysts at Berenberg hiked their target price for shares of Cranswick.
Food Producers & Processors
8,040.42
17:04 27/09/24
1.99%
157.09
FTSE 250
21,240.56
17:09 27/09/24
n/a
n/a
FTSE 350
4,599.36
17:10 27/09/24
n/a
n/a
FTSE All-Share
4,555.44
17:04 27/09/24
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.