Wilmington (LON:WIL) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Wilmington plc (LON:WIL)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 331.05 and traded as low as GBX 295. Wilmington shares last traded at GBX 299, with a volume of 5,928 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 460 price target on shares of Wilmington in a report on Monday, September 22nd. Canaccord Genuity Group restated a “buy” rating and issued a GBX 450 target price on shares of Wilmington in a research note on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Wilmington from GBX 435 to GBX 465 and gave the company a “buy” rating in a research note on Friday, November 28th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Wilmington currently has a consensus rating of “Buy” and an average target price of GBX 458.33.

Wilmington Price Performance

The firm has a 50-day simple moving average of GBX 316.33 and a two-hundred day simple moving average of GBX 331.05. The company has a market capitalization of £267.77 million, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.44 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 0.86 and a debt-to-equity ratio of 2.45.

Wilmington (LON:WIL) last issued its earnings results on Monday, September 22nd. The company reported GBX 23.72 EPS for the quarter. Wilmington had a return on equity of 18.71% and a net margin of 18.89%. As a group, analysts predict that Wilmington plc will post 21.5300004 earnings per share for the current fiscal year.

Insider Activity at Wilmington

In other Wilmington news, insider Mark Milner sold 71,868 shares of Wilmington stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of GBX 325, for a total value of £233,571. Also, insider Guy Millward sold 42,267 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of GBX 325, for a total transaction of £137,367.75. Over the last ninety days, insiders have sold 115,660 shares of company stock valued at $37,586,450. Insiders own 12.83% of the company’s stock.

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.