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

Key Points

• The shares of Wilmington plc have crossed above their 200-day moving average of GBX 347.30, currently trading at GBX 350 ($4.74).
• Wall Street analysts continue to show confidence in Wilmington with a consensus buy rating and an average target price of GBX 455.
• Wilmington has a debt-to-equity ratio of 2.45, indicating financial leverage, and a market capitalization of £311.63 million.

Wilmington plc (LON:WIL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 347.30 ($4.71) and traded as high as GBX 356.44 ($4.84). Wilmington shares last traded at GBX 350 ($4.75), with a volume of 29,277 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group reissued a "buy" rating and set a GBX 450 target price on shares of Wilmington in a research note on Tuesday, August 19th. Berenberg Bank reissued a "buy" rating and set a GBX 460 target price on shares of Wilmington in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wilmington presently has an average rating of "Buy" and a consensus price target of GBX 455.

Wilmington Stock Performance

The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.86 and a current ratio of 1.70. The firm's 50 day moving average is GBX 337.64 and its 200-day moving average is GBX 347.44. The firm has a market cap of £309.85 million, a price-to-earnings ratio of 860.96, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84.

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.