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

Wilmington (LON:WIL)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research note issued to investors on Friday, Marketbeat reports. They presently have a GBX 485 price target on the stock. Berenberg Bank‘s price target would suggest a potential upside of 74.46% from the company’s previous close.

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

Wilmington Stock Performance

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

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

Insider Buying and Selling

In other Wilmington news, insider Guy Millward sold 42,359 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were 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 stock in a transaction on Friday, October 2nd. The shares were sold at an average price of GBX 274, for a total value of £196,219.62. 12.83% of the stock is owned by insiders.

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.

About Wilmington

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.