Berenberg Bank Reaffirms "Buy" Rating for Wilmington (LON:WIL)

Key Points

• Berenberg Bank has reaffirmed its "buy" rating for Wilmington with a target price of GBX 460 ($6.21), indicating a potential upside of 35.29%.
• Wilmington's stock was down to GBX 340 ($4.59) during trading, with a market cap of £304.31 million and a P/E ratio of 16.30.
• Canaccord Genuity Group also issued a "buy" rating for Wilmington, setting a price objective of GBX 450 ($6.08).

Wilmington (LON:WIL - Get Free Report)'s stock had its "buy" rating restated by analysts at Berenberg Bank in a report issued on Tuesday, MarketBeat reports. They currently have a GBX 460 ($6.21) target price on the stock. Berenberg Bank's price objective indicates a potential upside of 35.29% from the company's previous close.

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 450 ($6.08) price objective on shares of Wilmington in a research note on Friday, July 25th.

Wilmington Price Performance

WIL stock traded down GBX 5 ($0.07) during trading on Tuesday, reaching GBX 340 ($4.59). 21,944 shares of the company were exchanged, compared to its average volume of 74,161. The company has a market cap of £304.31 million, a P/E ratio of 16.30, a PEG ratio of 1.44 and a beta of 0.84. Wilmington has a 52-week low of GBX 303 ($4.09) and a 52-week high of GBX 418 ($5.64). The stock's 50 day moving average price is GBX 336.23 and its 200 day moving average price is GBX 350.78. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.86 and a current ratio of 1.70.

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.

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