Wrightson shares hit 14-month high after profit upgrade gets nod of approval

Mon, 01 Aug 2016

By Paul McBeth Aug. 2 (BusinessDesk) - PGG Wrightson shares rose to their highest level since May last year after First NZ Capital analysts followed the company's profit upgrade yesterday by raising their price target for the stock. The shares rose 6.4 percent to 50 cents, adding to yesterday's 4.5 percent increase after the Christchurch-based rural services company beat earnings guidance for the year ended June 30. First NZ Capital analyst Kar Yue Yeo kept his 'outperform' rating on Wrightson stock and lifted his target price to 65 cent...

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