PGG Wrightson has received a boost from the market ahead of its full year financial result announcement on Friday.

Craig Investment Partners has noted PGG offers ‘value’ at its current share price of 56 cents, and has a 12 month target price of 76 cents with a ‘buy’ recommendation.

Analyst David Oxley says the agricultural sector looks to have weathered the worst of the trading storm, but concrete signs of recovery may be needed before investors warm to the rural services company.

PGG spokesman Brent Melville says the company looks to be well placed for a recovery, and the Craigs rating isn’t too wide of the mark.

 “We’re in the same boat I guess, as far as some of the rural supplies business goes - merchandising. We’d probably be better geared because we’ve got more diversity of business. So we’re able to cover one area with another.”

PGG shares closed at 56 cents on Friday, and have a  12 month range of 42 to 92 cents.