Winstar Resources Ltd. (WIX) Price Target Cut to $65.00 by Analysts at Barclays PLC

Winstar Resources Ltd. (NASDAQ:WIX) had its target price decreased by Barclays PLC from $77.00 to $65.00 in a report published on Thursday morning. Barclays PLC currently has an overweight rating on the stock.

Several other equities analysts have also commented on WIX. Zacks Investment Research lowered Winstar Resources from a hold rating to a sell rating in a research note on Thursday, July 13th. KeyCorp initiated coverage on Winstar Resources in a research note on Sunday, July 23rd. They set an overweight rating and a $88.00 price target on the stock. Royal Bank of Canada restated a hold rating on shares of Winstar Resources in a research note on Friday, July 28th. BidaskClub lowered Winstar Resources from a hold rating to a sell rating in a research note on Wednesday, August 9th. Finally, SunTrust Banks, Inc. initiated coverage on Winstar Resources in a research note on Tuesday, August 15th. They set a buy rating and a $73.00 price target on the stock. 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’s stock. The stock presently has a consensus rating of Buy and an average target price of C$76.53.

Shares of Winstar Resources (NASDAQ WIX) traded down C$0.95 during trading on Thursday, hitting C$55.65. The stock had a trading volume of 1,260,000 shares, compared to its average volume of 691,142. Winstar Resources has a 1 year low of C$42.80 and a 1 year high of C$86.15.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Winstar Resources by 16.5% in the third quarter. JPMorgan Chase & Co. now owns 8,705 shares of the company’s stock valued at $615,000 after purchasing an additional 1,234 shares during the last quarter. Legal & General Group Plc grew its stake in Winstar Resources by 51.4% in the third quarter. Legal & General Group Plc now owns 5,600 shares of the company’s stock valued at $402,000 after purchasing an additional 1,900 shares during the last quarter. TD Asset Management Inc. purchased a new position in Winstar Resources in the third quarter valued at about $714,000. Oppenheimer & Co. Inc. grew its stake in shares of Winstar Resources by 43.5% during the third quarter. Oppenheimer & Co. Inc. now owns 8,226 shares of the company’s stock worth $591,000 after acquiring an additional 2,492 shares during the last quarter. Finally, Granite Investment Partners LLC grew its stake in shares of Winstar Resources by 6.3% during the third quarter. Granite Investment Partners LLC now owns 230,014 shares of the company’s stock worth $16,527,000 after acquiring an additional 13,658 shares during the last quarter.

Winstar Resources Company Profile

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.

Analyst Recommendations for Winstar Resources (NASDAQ:WIX)

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