Wynnstay Group (LON:WYN) Price Target Cut to GBX 430 by Analysts at Canaccord Genuity Group

Wynnstay Group (LON:WYN) had its price target reduced by research analysts at Canaccord Genuity Group from GBX 470 ($5.85) to GBX 430 ($5.35) in a report issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 32.31% from the stock’s current price.

Separately, Shore Capital reissued a “house stock” rating on shares of Wynnstay Group in a research note on Tuesday.

Wynnstay Group Trading Up 3.2 %

WYN stock traded up GBX 10 ($0.12) during trading on Thursday, reaching GBX 325 ($4.05). 118,212 shares of the stock were exchanged, compared to its average volume of 30,539. The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 14.36. The firm has a market capitalization of £74.75 million, a price-to-earnings ratio of 1,300.00 and a beta of 0.58. The business has a 50 day moving average price of GBX 299.59 and a 200-day moving average price of GBX 318.41. Wynnstay Group has a 1 year low of GBX 270 ($3.36) and a 1 year high of GBX 418.50 ($5.21).

Wynnstay Group (LON:WYN) last announced its quarterly earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.30) earnings per share (EPS) for the quarter. Wynnstay Group had a net margin of 0.90% and a return on equity of 4.40%. On average, research analysts predict that Wynnstay Group will post 24.9054054 earnings per share for the current year.

Insider Activity

In other news, insider Gareth Davies sold 3,304 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of GBX 322 ($4.01), for a total transaction of £10,638.88 ($13,242.32). Insiders own 26.31% of the company’s stock.

Wynnstay Group Company Profile

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition.

Wynnstay supplies both direct-to-farm and via its extensive network of depots.