Insider Buying: Wynnstay Group Plc (LON:WYN) Insider Purchases £9,750 in Stock

Wynnstay Group Plc (LON:WYN) insider David Christensen acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The shares were acquired at an average price of GBX 325 ($4.32) per share, with a total value of £9,750 ($12,953.37).

Wynnstay Group Trading Up 0.6 %

Shares of WYN stock opened at GBX 322 ($4.28) on Friday. Wynnstay Group Plc has a 1 year low of GBX 270 ($3.59) and a 1 year high of GBX 400 ($5.31). The firm’s fifty day simple moving average is GBX 306.02 and its 200 day simple moving average is GBX 307.23. The firm has a market capitalization of £74.21 million, a P/E ratio of 11.96 and a beta of 0.58. The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 11.53.

Wynnstay Group (LON:WYN) last announced its quarterly earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.32) earnings per share (EPS) for the quarter. Wynnstay Group had a net margin of 0.97% and a return on equity of 4.69%. As a group, sell-side analysts predict that Wynnstay Group Plc will post 24.9054054 EPS for the current year.

Wynnstay Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, March 27th were paid a GBX 11.90 ($0.16) dividend. This represents a dividend yield of 3.87%. This is an increase from Wynnstay Group’s previous dividend of $5.60. The ex-dividend date of this dividend was Thursday, March 27th. Wynnstay Group’s payout ratio is currently 63.14%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WYN. Shore Capital reiterated a “house stock” rating on shares of Wynnstay Group in a report on Tuesday, March 25th. Canaccord Genuity Group cut their price objective on shares of Wynnstay Group from GBX 470 ($6.24) to GBX 430 ($5.71) and set a “buy” rating on the stock in a research report on Thursday, February 13th.

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.