Wilmington (LON:WIL) Earns "Buy" Rating from Berenberg Bank

Wilmington (LON:WIL - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Berenberg Bank in a research report issued to clients and investors on Friday, London Stock Exchange reports. They presently have a GBX 485 price objective on the stock. Berenberg Bank's price objective suggests a potential upside of 77.01% from the stock's current price.

Separately, Canaccord Genuity Group increased their target price on Wilmington from GBX 445 to GBX 470 and gave the stock a "buy" rating in a research report on Thursday, October 1st. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 458.33.

Wilmington Trading Up 0.7%

Shares of WIL stock opened at GBX 274 on Friday. The stock has a market capitalization of £245.46 million, a PE ratio of 22.46, a P/E/G ratio of 1.44 and a beta of 0.32. Wilmington has a 1-year low of GBX 230 and a 1-year high of GBX 337. The business has a 50-day moving average of GBX 271.27 and a 200 day moving average of GBX 264.07. The company has a debt-to-equity ratio of 62.24, a current ratio of 0.75 and a quick ratio of 0.86.

Wilmington (LON:WIL - Get Free Report) last announced its quarterly 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%. As a group, sell-side analysts anticipate that Wilmington will post 21.53 earnings per share for the current year.

Insiders Place Their Bets

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

Key Wilmington News

Here are the key news stories impacting Wilmington this week:

• Neutral Sentiment: Corning’s planned $585 million expansion and proposed 414 new jobs relate to a U.S. Wilmington-area project. Although the investment could benefit the local economy, it has no apparent operational or financial connection to Wilmington plc. Corning to invest $585M, add 414 jobs in Wilmington expansion
• Neutral Sentiment: Additional coverage of local incentives for the Corning expansion likewise concerns a U.S. municipal development project, not Wilmington plc’s business, results or outlook. Wilmington council backs $2 million deal to sweeten odds of landing Corning expansion
• Neutral Sentiment: The remaining reports cover U.S. local events, restaurants, public services, politics, historical programs and community incidents in places called Wilmington. They provide no disclosures about Wilmington plc’s earnings, acquisitions, guidance, balance sheet or management. Two Wilmington restaurants receive honors from Michelin Guide

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.