Wynnstay Group (LON:WYN) Given New GBX 450 Price Target at Canaccord Genuity Group

Wynnstay Group (LON:WYN - Get Free Report) had its target price raised by stock analysts at Canaccord Genuity Group from GBX 430 ($5.87) to GBX 450 ($6.15) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 19.60% from the stock's current price.

Separately, Shore Capital reiterated a "house stock" rating on shares of Wynnstay Group in a research report on Tuesday.

Wynnstay Group Price Performance

Wynnstay Group stock traded down GBX 3.75 ($0.05) during trading hours on Tuesday, hitting GBX 376.25 ($5.14). 46,498 shares of the company traded hands, compared to its average volume of 44,731. Wynnstay Group has a 1-year low of GBX 270 ($3.69) and a 1-year high of GBX 385 ($5.26). The firm has a market cap of £86.71 million, a P/E ratio of 13.97 and a beta of 0.58. The firm's 50-day simple moving average is GBX 337.41 and its two-hundred day simple moving average is GBX 315.33. The company has a quick ratio of 1.03, a current ratio of 2.00 and a debt-to-equity ratio of 11.53.

Wynnstay Group (LON:WYN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 1st. The company reported GBX 18.10 ($0.25) EPS for the quarter. Wynnstay Group had a net margin of 0.97% and a return on equity of 4.69%. As a group, analysts forecast that Wynnstay Group will post 24.9054054 earnings per share for the current fiscal year.

Insider Activity at Wynnstay Group

In other Wynnstay Group news, insider David Christensen bought 3,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average cost of GBX 325 ($4.44) per share, for a total transaction of £9,750 ($13,314.22). Also, insider Catherine Bradshaw bought 4,000 shares of Wynnstay Group stock in a transaction that occurred on Wednesday, July 2nd. The shares were acquired at an average price of GBX 381 ($5.20) per share, with a total value of £15,240 ($20,811.14). Insiders own 26.31% of the company's stock.

About Wynnstay Group

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.