Wilmington (LON:WIL) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Wilmington shares rose above their 200-day moving average of GBX 261.61, reaching GBX 275 before closing at GBX 274.02 on trading volume of 13,964 shares.
• Analysts remain positive, with three Buy ratings and a consensus rating of “Buy”. The average price target is GBX 450, despite Canaccord lowering its target to GBX 445.
• Wilmington operates in governance, risk, compliance, data and professional training markets; its shares have a £245.4 million market capitalization and trade at a price-to-earnings ratio of 22.80.

Wilmington plc (LON:WIL - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 261.61 and traded as high as GBX 275. Wilmington shares last traded at GBX 274.02, with a volume of 13,964 shares trading hands.

Key Stories Impacting Wilmington

Here are the key news stories impacting Wilmington this week:

• Neutral Sentiment: Reports on development activity and stalled projects in Wilmington, North Carolina are unrelated to Wilmington plc’s business and should not materially affect investor expectations. On a Wilmington road, one development growing fast while another stalls
• Neutral Sentiment: Coverage of restaurants, chefs, festivals and television appearances reflects local activity in the North Carolina city, not results or prospects for Wilmington plc. Triple D Nation filming planned at downtown Wilmington restaurant
• Neutral Sentiment: Articles concerning the Cape Fear Memorial Bridge replacement, tolling and other city-government matters likewise have no apparent connection to the company. Wilmington council votes to oppose aspects of Cape Fear Memorial Bridge replacement plan
• Neutral Sentiment: Public-safety reports, including crashes, a fire and a possible school threat, are local news items and do not provide an investment signal for Wilmington plc. Police presence increases at Wilmington City Schools after possible threat

Analysts Set New Price Targets

WIL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 420 price objective on shares of Wilmington in a report on Friday, May 15th. Berenberg Bank reiterated a "buy" rating and set a GBX 485 target price on shares of Wilmington in a research report on Thursday, July 30th. Finally, Canaccord Genuity Group cut their price target 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 research analysts have rated the stock with a Buy rating, According to MarketBeat, Wilmington presently has a consensus rating of "Buy" and an average price target of GBX 450.

Wilmington Stock Performance

The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 74.64. The stock has a market cap of £245.40 million, a price-to-earnings ratio of 22.80, a PEG ratio of 1.44 and a beta of 0.32. The stock's fifty day moving average is GBX 278.32 and its 200-day moving average is GBX 261.61.

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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