Canaccord Genuity Group Lowers Wynnstay Group (LON:WYN) Price Target to GBX 430

Wynnstay Group (LON:WYN) had its price target dropped by equities research analysts at Canaccord Genuity Group from GBX 470 ($5.92) to GBX 430 ($5.41) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 31.30% from the stock’s previous close.

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

Wynnstay Group Stock Performance

LON WYN opened at GBX 327.50 ($4.12) on Thursday. The stock has a market cap of £75.47 million, a P/E ratio of 12.16 and a beta of 0.58. The company’s 50-day simple moving average is GBX 299.83 and its 200 day simple moving average is GBX 318.46. Wynnstay Group has a twelve month low of GBX 270 ($3.40) and a twelve month high of GBX 417.50 ($5.25). 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) last posted its earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.30) earnings per share for the quarter. Wynnstay Group had a net margin of 0.97% and a return on equity of 4.69%. As a group, research analysts forecast that Wynnstay Group will post 24.9054054 earnings per share for the current fiscal year.

Insider Transactions at Wynnstay Group

In other news, insider Gareth Davies sold 3,304 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of GBX 322 ($4.05), for a total transaction of £10,638.88 ($13,390.66). 26.31% of the stock is owned by company 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.