Wilmington’s (WIL) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Wilmington (LON:WIL) in a report issued on Friday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 485 price objective on the stock.

Separately, Canaccord Genuity Group increased their price target on shares of Wilmington from GBX 445 to GBX 470 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 458.33.

Wilmington Stock Up 2.2%

Shares of Wilmington stock opened at GBX 278 on Friday. The business has a 50-day moving average price of GBX 271.27 and a 200 day moving average price of GBX 264.36. Wilmington has a fifty-two week low of GBX 230 and a fifty-two week high of GBX 337. The firm has a market cap of £249.04 million, a P/E ratio of 22.79, a P/E/G ratio of 1.44 and a beta of 0.30. The company has a quick ratio of 0.86, a current ratio of 0.75 and a debt-to-equity ratio of 62.24.

Wilmington (LON:WIL) last issued its quarterly earnings data on Tuesday, September 29th. The company reported GBX 25.14 earnings per share for the quarter. Wilmington had a net margin of 9.29% and a return on equity of 10.05%. On average, sell-side analysts forecast that Wilmington will post 21.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Guy Millward sold 42,359 shares of Wilmington stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of GBX 274, for a total value of £116,063.66. Also, insider Mark Milner sold 71,613 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of GBX 274, for a total value of £196,219.62. Company insiders own 12.83% of the company’s stock.

Key Stories Impacting Wilmington

Here are the key news stories impacting Wilmington this week:

• Positive Sentiment: Berenberg reaffirmed its “buy” rating on Wilmington plc and set a GBX 485 price target. That target implies substantial potential upside from recent trading levels and is likely supporting investor sentiment. The recommendation is analyst opinion rather than a new company earnings update. Wilmington buy rating and price target report
• Neutral Sentiment: Several articles discuss restaurants, tourism, cultural events, businesses, public safety and development in Wilmington, Delaware and North Carolina. These stories do not appear to involve Wilmington plc, whose business is focused on information, compliance and education services, so they are unlikely to affect WIL’s valuation or operations.

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.