Wynnstay Group’s (WYN) House Stock Rating Reaffirmed at Shore Capital

Shore Capital reissued their house stock rating on shares of Wynnstay Group (LON:WYN) in a research note published on Tuesday morning, MarketBeat.com reports.

Separately, Canaccord Genuity Group cut their price target on shares of Wynnstay Group from GBX 470 ($6.08) to GBX 430 ($5.57) and set a “buy” rating on the stock in a report on Thursday, February 13th.

Wynnstay Group Stock Down 1.0 %

Shares of WYN stock opened at GBX 302 ($3.91) on Tuesday. The stock’s fifty day moving average price is GBX 305.12 and its 200 day moving average price is GBX 312.20. Wynnstay Group has a 1-year low of GBX 270 ($3.50) and a 1-year high of GBX 400 ($5.18). The company has a market cap of £69.60 million, a price-to-earnings ratio of 11.22 and a beta of 0.58. The company has a debt-to-equity ratio of 11.53, a current ratio of 2.00 and a quick ratio of 1.03.

Wynnstay Group (LON:WYN) last posted its quarterly earnings data on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share (EPS) for the quarter. Wynnstay Group had a net margin of 0.97% and a return on equity of 4.69%. On average, research analysts expect that Wynnstay Group will post 24.9054054 earnings per share for the current fiscal year.

Wynnstay Group Increases Dividend

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

Insider Activity at Wynnstay Group

In related news, insider Gareth Davies sold 3,304 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of GBX 322 ($4.17), for a total transaction of £10,638.88 ($13,773.80). Also, insider Stephen John Ellwood acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average price of GBX 328 ($4.25) per share, for a total transaction of £4,920 ($6,369.76). 26.31% of the stock is owned by company 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.