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

Wilmington (LON:WIL)‘s stock had its “buy” rating reissued by Berenberg Bank in a research report issued on Friday, MarketBeat reports. They presently have a GBX 485 price target on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 76.36% from the company’s current price.

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

Wilmington Stock Performance

Wilmington stock opened at GBX 275 on Friday. The company’s 50-day moving average price is GBX 271.27 and its 200-day moving average price is GBX 264.07. Wilmington has a twelve month low of GBX 230 and a twelve month high of GBX 337. The company has a quick ratio of 0.86, a current ratio of 0.75 and a debt-to-equity ratio of 62.24. The company has a market cap of £246.35 million, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.44 and a beta of 0.32.

Wilmington (LON:WIL) last announced 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 9.29% and a return on equity of 10.05%. On average, equities research analysts forecast that Wilmington will post 21.53 EPS for the current fiscal year.

Insider Buying and Selling at Wilmington

In other Wilmington news, insider Guy Millward sold 42,359 shares of the stock in a transaction on Friday, October 2nd. The stock was 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 stock was sold at an average price of GBX 274, for a total value of £196,219.62. Corporate insiders own 12.83% of the company’s stock.

Trending Headlines about Wilmington

Here are the key news stories impacting Wilmington this week:

• Positive Sentiment: Berenberg’s continued Buy recommendation provides a positive signal on Wilmington’s earnings outlook and valuation. The target is substantially above the current share price, suggesting the broker sees room for significant re-rating. Wilmington price target and rating update
• Neutral Sentiment: The target is an analyst estimate rather than a company announcement, so investors will still look for evidence of improving operating performance and delivery against Wilmington’s financial forecasts. The company’s shares remain below their 12-month high of GBX 337 despite trading above their 50-day and 200-day moving averages.

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.