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 report issued on Tuesday, Marketbeat reports. They presently have a GBX 485 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 87.26% from the company’s current price.

Separately, Canaccord Genuity Group decreased their price target on shares of Wilmington from GBX 475 to GBX 445 and set a “buy” rating for the company in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 450.

Wilmington Stock Performance

Shares of WIL opened at GBX 259 on Tuesday. The company has a market capitalization of £232.22 million, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.44 and a beta of 0.32. The company has a debt-to-equity ratio of 74.64, a quick ratio of 0.86 and a current ratio of 0.85. Wilmington has a fifty-two week low of GBX 230 and a fifty-two week high of GBX 360. The stock has a fifty day moving average of GBX 272.80 and a two-hundred day moving average of GBX 260.17.

Wilmington (LON:WIL) last released its earnings results on Tuesday, September 29th. The company reported GBX 25.14 earnings per share (EPS) for the quarter. Wilmington had a net margin of 10.68% and a return on equity of 9.96%. As a group, analysts forecast that Wilmington will post 21.5300004 EPS for the current year.

Wilmington News Roundup

Here are the key news stories impacting Wilmington this week:

• Positive Sentiment: Berenberg reaffirmed its “buy” rating on Wilmington and set a GBX 485 price target, substantially above the stock’s recent trading level near GBX 259. The target implies significant potential upside and may be the main catalyst supporting investor sentiment. Wilmington Earns Buy Rating from Berenberg Bank
• Positive Sentiment: Wilmington reported quarterly earnings of GBX 25.14 per share. The company also posted a 10.68% net margin and a 9.96% return on equity, indicating that it remains profitable and is generating returns for shareholders. However, the release does not state whether EPS exceeded analyst expectations, limiting the strength of the immediate earnings catalyst. Wilmington Quarterly Earnings
• Neutral Sentiment: The remaining reports discuss local events, traffic safety, homelessness, concerts, museums, musicians and the Salvation Army in Wilmington, North Carolina. They do not relate to Wilmington plc’s professional information, data or training businesses and are not expected to affect WIL stock.

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.