Wynnstay Group (LON:WYN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Wynnstay Group Plc (LON:WYN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 309.12 ($3.95) and traded as low as GBX 281.30 ($3.59). Wynnstay Group shares last traded at GBX 293.50 ($3.75), with a volume of 23,306 shares traded.

Analysts Set New Price Targets

Several equities analysts have issued reports on WYN shares. Canaccord Genuity Group cut their price objective on Wynnstay Group from GBX 470 ($6.01) to GBX 430 ($5.49) and set a “buy” rating for the company in a research report on Thursday, February 13th. Shore Capital restated a “house stock” rating on shares of Wynnstay Group in a report on Tuesday, March 25th.

Wynnstay Group Stock Performance

The stock’s 50 day moving average is GBX 307.97 and its 200 day moving average is GBX 309.12. The firm has a market cap of £67.64 million, a price-to-earnings ratio of 10.90 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 issued 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 return on equity of 4.69% and a net margin of 0.97%. Analysts anticipate that Wynnstay Group Plc will post 24.9054054 earnings per share for the current year.

Wynnstay Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, March 27th will be given a dividend of GBX 11.90 ($0.15) per share. This represents a dividend yield of 3.87%. The ex-dividend date is Thursday, March 27th. This is an increase from Wynnstay Group’s previous dividend of $5.60. Wynnstay Group’s payout ratio is presently 63.14%.

Insiders Place Their Bets

In other Wynnstay Group news, insider Stephen John Ellwood acquired 1,500 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were acquired at an average cost of GBX 328 ($4.19) per share, with a total value of £4,920 ($6,286.74). Also, insider Gareth Davies sold 3,304 shares of Wynnstay Group stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of GBX 322 ($4.11), for a total value of £10,638.88 ($13,594.28). Corporate insiders own 26.31% of the company’s stock.

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.