Wilmington (LON:WIL) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Wilmington plc (LON:WIL) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 328.74 and traded as low as GBX 298. Wilmington shares last traded at GBX 300, with a volume of 20,169 shares traded.

Wall Street Analyst Weigh In

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

Wilmington Stock Performance

The stock has a 50 day simple moving average of GBX 308.79 and a two-hundred day simple moving average of GBX 328.54. The company has a market capitalization of £268.67 million, a price-to-earnings ratio of 23.68, a PEG ratio of 1.44 and a beta of 0.84. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.70 and a quick ratio of 0.86.

Wilmington (LON:WIL) last released its quarterly earnings data 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 anticipate that Wilmington plc will post 21.5300004 earnings per share for the current year.

Insider Buying and Selling at Wilmington

In related news, insider Mark Milner acquired 8,315 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was bought at an average price of GBX 298 per share, for a total transaction of £24,778.70. Also, insider Guy Millward sold 1,525 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of GBX 323, for a total value of £4,925.75. Insiders have sold a total of 115,660 shares of company stock worth $37,586,450 over the last quarter. 12.83% of the stock is owned by company insiders.

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.