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

Key Points

• Wilmington plc's stock price has fallen below its two hundred day moving average, trading at GBX 340 ($4.62), compared to a two hundred day moving average of GBX 350.71 ($4.76).
• Analysts remain optimistic, with Berenberg Bank and Canaccord Genuity both reissuing "buy" ratings and price targets of GBX 460 ($6.25) and GBX 450 ($6.11) respectively.
• The stock has a market capitalization of £312.36 million, a price-to-earnings ratio of 16.73, and a debt-to-equity ratio of 2.45, indicating a relatively leveraged financial position.

Wilmington plc (LON:WIL - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 350.71 ($4.75) and traded as low as GBX 338 ($4.58). Wilmington shares last traded at GBX 340 ($4.61), with a volume of 21,944 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on WIL shares. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 450 ($6.10) price objective on shares of Wilmington in a research report on Friday, July 25th. Berenberg Bank reiterated a "buy" rating and set a GBX 460 ($6.23) price objective on shares of Wilmington in a research report on Tuesday.

Wilmington Trading Up 0.3%

The stock has a market cap of £299.83 million, a PE ratio of 16.06, a PEG ratio of 1.44 and a beta of 0.84. The business has a 50-day moving average of GBX 335.18 and a 200 day moving average of GBX 350.09. 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.