Wynnstay Group (LON:WYN) Given House Stock Rating at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Wynnstay Group (LON:WYN) in a report published on Tuesday, MarketBeat reports.

Separately, Canaccord Genuity Group reduced their price target on 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 Trading Down 1.0 %

WYN opened at GBX 302 ($3.91) on Tuesday. The firm has a market capitalization of £69.60 million, a price-to-earnings ratio of 11.22 and a beta of 0.58. The company’s 50 day simple moving average is GBX 305.12 and its two-hundred day simple moving average 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 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 results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) EPS for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. Analysts expect that Wynnstay Group will post 24.9054054 EPS for the current fiscal year.

Wynnstay Group Increases Dividend

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

Insider Activity at Wynnstay Group

In other Wynnstay Group news, insider Gareth Davies sold 3,304 shares of the stock in a transaction that occurred 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 ($13,773.80). Also, insider Stephen John Ellwood acquired 1,500 shares of Wynnstay Group stock in a transaction dated Wednesday, February 19th. The shares were bought at an average price of GBX 328 ($4.25) per share, with a total value of £4,920 ($6,369.76). Company insiders own 26.31% of the company’s stock.

About Wynnstay Group

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.