Wynnstay Group plc (WYN) Downgraded by Investec to Sell
Wynnstay Group plc (LON:WYN) was downgraded by equities researchers at Investec to a “sell” rating in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. They presently have a GBX 485 ($6.98) price target on the stock, down from their prior price target of GBX 549 ($7.90). Investec’s price objective points to a potential downside of 4.90% from the stock’s current price.
Shares of Wynnstay Group plc (LON:WYN) opened at 505.00 on Tuesday. The stock has a 50 day moving average price of GBX 551.71 and a 200-day moving average price of GBX 552.64. The stock’s market cap is GBX 97.75 million. Wynnstay Group plc has a 12 month low of GBX 474.52 and a 12 month high of GBX 610.00.
The company also recently announced a dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, March 24th will be given a GBX 7.40 ($0.11) dividend. The ex-dividend date is Thursday, March 24th. This represents a yield of 1.47%. This is a boost from Wynnstay Group plc’s previous dividend of $3.70.
Separately, Shore Capital reissued a “house stock” rating on shares of Wynnstay Group plc in a report on Wednesday, January 27th.
Wynnstay Group PLC (LON:WYN) is a United Kingdom-based holding company. The Company operates as a supplier of agricultural products and services in the rural economy and pet products in selected urban locations. It operates three business segments: Agriculture, Specialist Retail and Other. The Agriculture segment is engaged in the manufacture and supply of animal feeds, fertilizer, seeds and associated agricultural products. Its Specialist Retail segment supplies specialist products to farmers, smallholders and pet owners. Its Other segment consists of miscellaneous operations not classified as agriculture or specialist retail. The Agriculture segment includes feed products, glasson and arable products. Specialist Retail includes operations of Wynnstay Stores, a chain of rural retail outlets operating over 42 stores; Just for Pets, which is a chain of pet product outlets operating over 20 stores, and Youngs Animal Feeds, which manufactures and distributes a range of equine products.
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