Wynnstay Group (LON:WYN) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Wynnstay Group Plc (LON:WYN)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 350.92 and traded as low as GBX 342.50. Wynnstay Group shares last traded at GBX 360, with a volume of 40,574 shares.

Analysts Set New Price Targets

Several brokerages have weighed in 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 report on Tuesday, July 1st. Shore Capital restated a “house stock” rating on shares of Wynnstay Group in a research report on Tuesday, July 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 450.

Wynnstay Group Stock Down 1.6%

The company has a debt-to-equity ratio of 11.53, a current ratio of 2.00 and a quick ratio of 1.03. The firm’s 50-day simple moving average is GBX 362.42 and its two-hundred day simple moving average is GBX 350.92. The company has a market capitalization of £80.00 million, a price-to-earnings ratio of 21.49 and a beta of 0.58.

Insider Activity

In other Wynnstay Group news, insider David Christensen purchased 3,000 shares of the stock in a transaction dated Monday, October 6th. The shares were acquired at an average cost of GBX 360 per share, for a total transaction of £10,800. Also, insider Steven Esom purchased 5,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average price of GBX 372 per share, for a total transaction of £18,600. Insiders have acquired 8,506 shares of company stock worth $3,129,750 over the last ninety days. 4.09% of the stock is currently 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.