Wynnstay Group (LON:WYN) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Wynnstay Group's shares have surpassed their 50-day moving average, closing at GBX 380 ($5.19) with a trading volume of 17,679 shares.
• Equities analysts have raised their price targets for Wynnstay Group, with Canaccord Genuity increasing its target from GBX 430 to GBX 450 and a consensus average price target of GBX 460.
• Recent insider transactions included acquisitions by Steven Esom and Catherine Bradshaw, indicating insider confidence in the company's stock performance.

Wynnstay Group Plc (LON:WYN - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 366.95 ($4.94) and traded as high as GBX 380 ($5.12). Wynnstay Group shares last traded at GBX 380 ($5.12), with a volume of 17,679 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on WYN. Canaccord Genuity Group upped their target price on shares of Wynnstay Group from GBX 430 to GBX 450 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Shore Capital reiterated a "house stock" rating on shares of Wynnstay Group in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Wynnstay Group has a consensus rating of "Buy" and a consensus target price of GBX 460.

Wynnstay Group Stock Down 1.4%

The stock has a 50-day simple moving average of GBX 367.35 and a 200-day simple moving average of GBX 340.32. The firm has a market capitalization of £84.20 million, a PE ratio of 2,261.46 and a beta of 0.58. 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 earnings results on Tuesday, July 1st. The company reported GBX 18.10 earnings per share for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. Analysts forecast that Wynnstay Group Plc will post 24.9054054 EPS for the current year.

Insiders Place Their Bets

In related news, insider Steven Esom acquired 5,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of GBX 372 per share, with a total value of £18,600. Also, insider Catherine Bradshaw purchased 4,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were purchased at an average cost of GBX 381 per share, with a total value of £15,240. 4.07% of the stock is currently owned by corporate insiders.

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.