Panmure Gordon Reaffirms Buy Rating for NWF Group plc (NWF)

NWF Group plc (LON:NWF)‘s stock had its “buy” rating reiterated by Panmure Gordon in a research note issued to investors on Thursday. They presently have a GBX 180 ($2.35) price objective on the stock. Panmure Gordon’s price objective would indicate a potential upside of 15.38% from the stock’s current price.

NWF has been the topic of several other reports. Peel Hunt upgraded shares of NWF Group plc to a “buy” rating and upped their price objective for the stock from GBX 170 ($2.22) to GBX 180 ($2.35) in a research report on Wednesday, August 3rd. Shore Capital restated a “buy” rating on shares of NWF Group plc in a research report on Thursday.

Shares of NWF Group plc (LON:NWF) opened at 151.00 on Thursday. The stock has a 50 day moving average of GBX 164.24 and a 200-day moving average of GBX 156.79. NWF Group plc has a 1-year low of GBX 137.00 and a 1-year high of GBX 206.75. The firm’s market capitalization is GBX 73.28 million.

The company also recently announced a dividend, which will be paid on Monday, December 5th. Shareholders of record on Thursday, November 3rd will be paid a GBX 4.70 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a yield of 2.9%. This is a positive change from NWF Group plc’s previous dividend of $1.00.

In other NWF Group plc news, insider Whiting,Richard Anthony sold 65,611 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of GBX 1,618 ($21.12), for a total value of £1,061,585.98 ($1,385,701.58).

NWF Group plc Company Profile

NWF Group plc is engaged in the manufacture and sale of animal feeds, the sale and distribution of fuel oils, and the warehousing and distribution of ambient groceries. The Company operates through three segments: Feeds, Food and Fuels. The Feeds segment is engaged in the manufacture and sale of animal feeds and other agricultural products.

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