Winstar Resources Ltd. (WIX) Stock Rating Lowered by Wedbush
Winstar Resources Ltd. (NASDAQ:WIX) was downgraded by Wedbush from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday. They presently have a $65.00 price objective on the stock, down from their prior price objective of $86.00.
WIX has been the subject of a number of other research reports. Zacks Investment Research raised shares of Winstar Resources from a “sell” rating to a “hold” rating and set a $82.00 price target for the company in a report on Wednesday, July 26th. BidaskClub raised shares of Winstar Resources from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $73.00 price target on shares of Winstar Resources in a report on Monday, November 6th. KeyCorp reissued an “overweight” rating on shares of Winstar Resources in a report on Wednesday. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Winstar Resources in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$76.53.
Shares of Winstar Resources (WIX) traded down C$0.95 during trading on Thursday, hitting C$55.65. 1,260,000 shares of the company were exchanged, compared to its average volume of 691,142. Winstar Resources has a fifty-two week low of C$42.80 and a fifty-two week high of C$86.15.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BT Investment Management Ltd bought a new position in shares of Winstar Resources during the second quarter worth $141,000. Eqis Capital Management Inc. bought a new position in shares of Winstar Resources during the second quarter worth $207,000. Advisor Group Inc. boosted its position in shares of Winstar Resources by 196.5% during the second quarter. Advisor Group Inc. now owns 2,965 shares of the company’s stock worth $207,000 after purchasing an additional 1,965 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Winstar Resources by 500.0% during the first quarter. Legal & General Group Plc now owns 3,600 shares of the company’s stock worth $245,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Winstar Resources by 3.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,380 shares of the company’s stock worth $374,000 after purchasing an additional 181 shares in the last quarter.
About Winstar Resources
Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
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