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

Shore Capital reiterated their house stock rating on shares of Wynnstay Group (LON:WYN) in a report issued on Tuesday, Marketbeat.com reports.

Separately, Canaccord Genuity Group lowered 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 Trading Up 2.3 %

Shares of WYN stock opened at GBX 306.95 ($3.97) on Tuesday. The stock has a market capitalization of £70.74 million, a price-to-earnings ratio of 11.40 and a beta of 0.58. The company’s fifty day simple moving average is GBX 305.84 and its two-hundred day simple moving average is GBX 311.89. 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 released 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 return on equity of 4.69% and a net margin of 0.97%. As a group, analysts anticipate that Wynnstay Group will post 24.9054054 earnings per share for the current year.

Wynnstay Group Increases Dividend

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

Insider Buying and Selling

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

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.