Canaccord Genuity Group Cuts Wilmington (LON:WIL) Price Target to GBX 445

Wilmington (LON:WIL) had its price target decreased by Canaccord Genuity Group from GBX 475 to GBX 445 in a research note issued to investors on Monday, Marketbeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also recently weighed in on WIL. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 420 price target on shares of Wilmington in a report on Friday, May 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 485 price objective on shares of Wilmington in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Wilmington presently has a consensus rating of “Buy” and a consensus price target of GBX 450.

Wilmington Stock Down 1.7%

Shares of WIL stock opened at GBX 280.02 on Monday. The stock has a market cap of £250.78 million, a P/E ratio of 23.30, a PEG ratio of 1.44 and a beta of 0.32. Wilmington has a 52 week low of GBX 230 and a 52 week high of GBX 369. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 74.64. The company’s fifty day simple moving average is GBX 271.98 and its two-hundred day simple moving average is GBX 263.83.

Key Wilmington News

Here are the key news stories impacting Wilmington this week:

• Positive Sentiment: Canaccord Genuity lowered its price target for Wilmington plc to GBX 445. Although the reduction is a negative revision, the new target remains well above the shares’ recent trading level, implying substantial potential upside if the broker’s valuation is achieved. Canaccord Genuity Group Lowers Wilmington Price Target to GBX 445

Wilmington Company Profile

Wilmington acts as trusted partner to customers who are operating in regulated sectors and in the governance, risk and compliance markets. We provide critical data and information to enable our customers to make the decisions needed to maintain compliance with the rules and regulations that apply to them; and we provide training and education to equip our customers with the knowledge and skills to carry out their activities in line with best practice.