Wynnstay Group (LON:WYN) Hits New 52-Week High After Insider Buying Activity

Wynnstay Group Plc (LON:WYN) hit a new 52-week high during trading on Wednesday after an insider bought additional shares in the company. The company traded as high as GBX 385 ($5.26) and last traded at GBX 376.25 ($5.14), with a volume of 46498 shares trading hands. The stock had previously closed at GBX 380 ($5.19).

Specifically, insider Catherine Bradshaw purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The stock was acquired at an average price of GBX 381 ($5.20) per share, for a total transaction of £15,240 ($20,805.46).

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Shore Capital restated a “house stock” rating on shares of Wynnstay Group in a report on Tuesday. Canaccord Genuity Group lifted their target price on shares of Wynnstay Group from GBX 430 ($5.87) to GBX 450 ($6.14) and gave the company a “buy” rating in a report on Tuesday.

Wynnstay Group Price Performance

The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 11.53. The company’s fifty day moving average is GBX 340.40 and its two-hundred day moving average is GBX 316.25. The stock has a market cap of £87.57 million, a price-to-earnings ratio of 14.11 and a beta of 0.58.

Wynnstay Group (LON:WYN) last posted its earnings results on Tuesday, July 1st. The company reported GBX 18.10 ($0.25) 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 predict that Wynnstay Group Plc will post 24.9054054 earnings per share for the current year.

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.