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

Wilmington (LON:WIL)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued to investors on Tuesday, September 29th, Marketbeat.com reports. They currently have a GBX 485 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 76.36% from the stock’s current price.

Separately, Canaccord Genuity Group cut their target price on Wilmington from GBX 475 to GBX 445 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 458.33.

Wilmington Stock Performance

LON:WIL traded down GBX 2 during mid-day trading on Tuesday, hitting GBX 275. The stock had a trading volume of 23,711 shares, compared to its average volume of 246,062. Wilmington has a 52 week low of GBX 230 and a 52 week high of GBX 360. The company has a current ratio of 0.75, a quick ratio of 0.86 and a debt-to-equity ratio of 62.24. The stock has a market capitalization of £246.56 million, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.44 and a beta of 0.32. The company has a 50 day simple moving average of GBX 272.86 and a 200-day simple moving average of GBX 260.81.

Wilmington (LON:WIL) last announced its quarterly earnings results on Tuesday, September 29th. The company reported GBX 25.14 EPS for the quarter. Wilmington had a net margin of 9.29% and a return on equity of 10.05%. On average, research analysts expect that Wilmington will post 21.5300004 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Mark Milner sold 71,613 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of GBX 274, for a total value of £196,219.62. Also, insider Guy Millward sold 42,359 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of GBX 274, for a total transaction of £116,063.66. 12.83% of the stock is currently owned by company insiders.

Wilmington News Summary

Here are the key news stories impacting Wilmington this week:

• Neutral Sentiment: Coverage of Wilmington, Delaware’s highest-paid city employees and an upgraded overdose-response program concerns local government and public health, not Wilmington plc. Who are Wilmington’s highest-paid city employees? Wilmington overdose response gets upgrade
• Neutral Sentiment: Reports on a Wilmington, Delaware restaurant closure, transport disruption, community events and entertainment are unrelated to WIL’s operations or financial outlook. Wilmington Indian restaurant to close Serious crash shuts down lanes
• Neutral Sentiment: Amazon’s opening of an advanced robotics fulfillment center near Wilmington, North Carolina represents an investment in the local economy, but it does not involve Wilmington plc. Amazon celebrates new robotics fulfillment center Amazon opens Wilmington fulfillment center
• Neutral Sentiment: Other reports cover port-channel work, healthcare, nuclear science week, environmental rules and seasonal events in Wilmington locations. None provides a direct catalyst for WIL stock. Ports Authority suspends channel-deepening work Novant Health opens neurology clinic

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.