Wynnstay Group's (WYN) House Stock Rating Reiterated at Shore Capital

Shore Capital reissued their house stock rating on shares of Wynnstay Group (LON:WYN - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat reports.

Separately, Canaccord Genuity Group reduced 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 research report on Thursday, February 13th.

Wynnstay Group Stock Up 1.7 %

Wynnstay Group stock traded up GBX 5 ($0.06) during midday trading on Tuesday, hitting GBX 305 ($3.95). The stock had a trading volume of 42,357 shares, compared to its average volume of 40,647. The business has a fifty day moving average price of GBX 306.19 and a 200 day moving average price of GBX 311.59. Wynnstay Group has a 12 month low of GBX 270 ($3.49) and a 12 month high of GBX 400 ($5.18). The stock has a market cap of £70.29 million, a P/E ratio of 11.33 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. Research analysts predict that Wynnstay Group will post 24.9054054 EPS for the current year.

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Wynnstay Group Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, March 27th. This represents a yield of 3.87%. This is a positive change from Wynnstay Group's previous dividend of $5.60. Wynnstay Group's payout ratio is currently 63.14%.

Insiders Place Their Bets

In other Wynnstay Group news, insider Stephen John Ellwood bought 1,500 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average cost of GBX 328 ($4.25) per share, for a total transaction of £4,920 ($6,368.11). 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 ($4.17), for a total value of £10,638.88 ($13,770.23). 26.31% of the stock is owned by corporate 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.