Wilmington (LON:WIL) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Wilmington plc (LON:WIL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 264.88 and traded as high as GBX 287. Wilmington shares last traded at GBX 287, with a volume of 10,346 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 420 price objective on shares of Wilmington in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Wilmington has an average rating of “Buy” and an average price target of GBX 451.67.

Wilmington Price Performance

The company has a market capitalization of £257.03 million, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.44 and a beta of 0.32. The stock has a fifty day simple moving average of GBX 263.77 and a 200-day simple moving average of GBX 264.88. The company has a debt-to-equity ratio of 74.64, a current ratio of 0.85 and a quick ratio of 0.86.

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.