Wilmington (LON:WIL) Share Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Wilmington plc's share price has dropped below its 200-day moving average, trading at GBX 326 ($4.37) with a two hundred day average of GBX 344 ($4.61).
• Analysts have a consensus rating of "Buy" for Wilmington, with price targets ranging from GBX 450 to GBX 460.
• Recent insider trading saw Guy Millward sell 1,525 shares and Mark Milner sell 71,868 shares, totaling over £238,000 in transactions.

Wilmington plc (LON:WIL - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 344 ($4.61) and traded as low as GBX 326 ($4.37). Wilmington shares last traded at GBX 326 ($4.37), with a volume of 165,919 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group reissued a "buy" rating and set a GBX 450 price target on shares of Wilmington in a report on Monday, September 22nd. Berenberg Bank reissued a "buy" rating and set a GBX 460 price target on shares of Wilmington in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 455.

Wilmington Stock Down 0.3%

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 stock has a market cap of £291.06 million, a price-to-earnings ratio of 25.65, a PEG ratio of 1.44 and a beta of 0.84. The firm's 50-day simple moving average is GBX 342.84 and its two-hundred day simple moving average is GBX 344.

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

Insider Activity at Wilmington

In other news, insider Guy Millward sold 1,525 shares of Wilmington stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of GBX 323, for a total transaction of £4,925.75. Also, insider Mark Milner sold 71,868 shares of Wilmington stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of GBX 325, for a total transaction of £233,571. In the last quarter, insiders have sold 115,660 shares of company stock valued at $37,586,450. 12.89% of the stock is owned by corporate insiders.

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.

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