Wilmington (LON:WIL) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Shares of Wilmington plc (LON:WIL) have dropped below their 200-day moving average, trading at GBX 326 ($4.38) after previously reaching a low of GBX 320.90 ($4.31).
• Analysts from Berenberg Bank and Canaccord Genuity have both reaffirmed a "buy" rating for the stock, with price targets set at GBX 460 and GBX 450 respectively, contributing to a consensus target price of GBX 455.
• Wilmington reported earnings per share (EPS) of GBX 23.72 for the quarter ending September 22nd, with analysts forecasting an EPS of 21.53 for the current fiscal year.

Shares of Wilmington plc (LON:WIL - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 346.66 ($4.66) and traded as low as GBX 320.90 ($4.31). Wilmington shares last traded at GBX 326 ($4.38), with a volume of 57,851 shares trading hands.

Analysts Set New Price Targets

WIL has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 460 price objective on shares of Wilmington in a research note on Monday, September 22nd. Canaccord Genuity Group restated a "buy" rating and issued a GBX 450 price target on shares of Wilmington in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 455.

Wilmington Trading Up 4.0%

The company has a 50-day simple moving average of GBX 340.65 and a 200 day simple moving average of GBX 346.66. The firm has a market cap of £301.83 million, a PE ratio of 838.69, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 0.86 and a debt-to-equity ratio of 2.45.

Wilmington (LON:WIL - Get Free Report) last issued its quarterly earnings results on Monday, September 22nd. The company reported GBX 23.72 earnings per share (EPS) for the quarter. Wilmington had a return on equity of 18.71% and a net margin of 18.89%. As a group, sell-side analysts forecast that Wilmington plc will post 21.5300004 earnings per share for the current fiscal year.

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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