Wincanton (LON:WIN) Stock Passes Below Two Hundred Day Moving Average of $247.50

Wincanton plc (LON:WIN) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $247.50 and traded as low as $219.00. Wincanton shares last traded at $225.00, with a volume of 34,208 shares traded.

Several equities research analysts have weighed in on the stock. Numis Securities reiterated a “buy” rating and issued a GBX 360 ($4.70) target price on shares of Wincanton in a report on Thursday, May 16th. Shore Capital restated a “not rated” rating on shares of Wincanton in a report on Thursday, May 16th. Liberum Capital restated a “buy” rating on shares of Wincanton in a report on Thursday, May 16th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 285 ($3.72) price objective on shares of Wincanton in a report on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 323.75 ($4.23).

The business’s fifty day moving average is GBX 233.49 and its 200 day moving average is GBX 247.46. The firm has a market capitalization of $286.45 million and a price-to-earnings ratio of 6.73.

About Wincanton (LON:WIN)

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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