Wincanton (LON:WIN) Earns “Hold” Rating from Berenberg Bank
Berenberg Bank reaffirmed their hold rating on shares of Wincanton (LON:WIN) in a research report released on Wednesday, Digital Look reports. Berenberg Bank currently has a GBX 285 ($3.72) price objective on the stock.
A number of other research analysts also recently issued reports on WIN. Shore Capital reiterated a not rated rating on shares of Wincanton in a report on Thursday, May 16th. Liberum Capital reiterated a buy rating on shares of Wincanton in a report on Tuesday, April 2nd. Finally, Numis Securities reiterated a buy rating and set a GBX 360 ($4.70) price objective on shares of Wincanton in a report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Wincanton has a consensus rating of Buy and a consensus price target of GBX 334 ($4.36).
LON:WIN opened at GBX 268 ($3.50) on Wednesday. The stock has a market cap of $331.76 million and a P/E ratio of 7.84. Wincanton has a 52-week low of GBX 200 ($2.61) and a 52-week high of GBX 280 ($3.66).
The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, July 4th will be issued a dividend of GBX 7.29 ($0.10) per share. The ex-dividend date of this dividend is Thursday, July 4th. This is an increase from Wincanton’s previous dividend of $3.60. This represents a dividend yield of 2.8%. Wincanton’s dividend payout ratio (DPR) is presently 0.29%.
In related news, insider Adrian Colman sold 579,237 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of GBX 268 ($3.50), for a total transaction of £1,552,355.16 ($2,028,426.97).
Wincanton plc, together with its subsidiaries, provides logistic and supply chain solutions in the United Kingdom and Ireland. It operates through Retail & Consumer and Industrial & Transport segments. The company offers contract logistics services to retail general merchandise, retail grocery, and consumer products market sectors.
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