Wynnstay Group (LON:WYN) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Wynnstay Group Plc (LON:WYN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 315.69 ($4.08) and traded as low as GBX 310 ($4.01). Wynnstay Group shares last traded at GBX 314.10 ($4.06), with a volume of 62,289 shares changing hands.

Analysts Set New Price Targets

WYN has been the topic of several analyst reports. Shore Capital reiterated a “house stock” rating on shares of Wynnstay Group in a report on Tuesday, February 11th. Canaccord Genuity Group dropped their price objective on Wynnstay Group from GBX 470 ($6.07) to GBX 430 ($5.56) and set a “buy” rating on the stock in a research note on Thursday, February 13th.

Wynnstay Group Trading Up 0.5 %

The company has a market cap of £72.39 million, a P/E ratio of 11.67 and a beta of 0.58. The business’s 50-day moving average price is GBX 305.75 and its 200 day moving average price is GBX 315.53. The company has a debt-to-equity ratio of 11.53, a quick ratio of 1.03 and a current ratio of 2.00.

Wynnstay Group (LON:WYN) last posted its quarterly earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) EPS for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. As a group, analysts expect that Wynnstay Group Plc will post 24.9054054 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Stephen John Ellwood purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average price of GBX 328 ($4.24) per share, for a total transaction of £4,920 ($6,357.41). Also, insider Gareth Davies sold 3,304 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of GBX 322 ($4.16), for a total transaction of £10,638.88 ($13,747.10). 26.31% of the stock is owned by insiders.

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.