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Wynnstay Group (LON:WYN) Shares Pass Above 50-Day Moving Average - Here's Why

Wynnstay Group logo with Basic Materials background

Wynnstay Group Plc (LON:WYN - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 343.28 ($4.67) and traded as high as GBX 370 ($5.03). Wynnstay Group shares last traded at GBX 362 ($4.92), with a volume of 27,510 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Shore Capital restated a "house stock" rating on shares of Wynnstay Group in a research report on Tuesday, July 1st. Canaccord Genuity Group lifted their target price on shares of Wynnstay Group from GBX 430 ($5.85) to GBX 450 ($6.12) and gave the stock a "buy" rating in a research note on Tuesday, July 1st.

View Our Latest Report on WYN

Wynnstay Group Stock Up 1.2%

The company has a market cap of £84.58 million, a P/E ratio of 13.63 and a beta of 0.58. The company has a debt-to-equity ratio of 11.53, a current ratio of 2.00 and a quick ratio of 1.03. The company's 50-day moving average is GBX 343.28 and its two-hundred day moving average is GBX 317.68.

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

Insider Buying and Selling

In other news, insider Catherine Bradshaw acquired 4,000 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was bought at an average price of GBX 381 ($5.18) per share, with a total value of £15,240 ($20,717.78). Also, insider David Christensen bought 3,000 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was purchased at an average cost of GBX 325 ($4.42) per share, for a total transaction of £9,750 ($13,254.49). 26.31% of the stock is owned by corporate insiders.

About Wynnstay Group

(Get Free Report)

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.

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