Cranswick plc

Growth platform underpinned by poultry and international ambitions

  • Sectors : Foods
  • Companies : Cranswick plc

Ratings and price correct at time of issue.

  • Cranswick plc

    Closing Price: 3030p

  • RATING 09/11/16

  • PREVIOUS RATING N/A

DAVY VIEW

Cranswick’s evolution has been shaped by its strategic agility and progressive reinvestment model. Dedicated supply chains have deepened retailer relationships. The roots of the proposed greenfield poultry investment are now firmly planted, with the recent Capital Markets Day (CMD) serving to elevate internal ambitions. Cranswick has the blueprint to be a credible (poultry) sector challenger. We modestly pare back FY 2018/2019 forecasts given the continued deflationary pig price environment. Diversifying into a structurally higher growth protein category will accelerate the growth runway and lift outer-year earnings.

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Nov 16 2018, 06:45 GMT

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