Wilmington (LON:WIL) Stock Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• Wilmington plc's share price fell below its 200-day moving average of GBX 345.27, closing at GBX 339 on a trading volume of 65,043 shares.
• Despite this drop, analysts maintain a consensus buy rating on the stock, with price targets set at GBX 450 and GBX 460 by Canaccord Genuity and Berenberg Bank, respectively.
• Insider selling has been notable, with over 115,000 shares sold recently, indicating a potential lack of confidence among company insiders.

Wilmington plc (LON:WIL - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 345.27 ($4.64) and traded as low as GBX 331 ($4.44). Wilmington shares last traded at GBX 339 ($4.55), with a volume of 65,043 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 450 price target on shares of Wilmington in a research note on Monday, September 22nd. Berenberg Bank restated a "buy" rating and set a GBX 460 target price on shares of Wilmington in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wilmington has a consensus rating of "Buy" and a consensus target price of GBX 455.

Wilmington Price Performance

The company has a market capitalization of £309.86 million, a P/E ratio of 2,730.86, a P/E/G ratio of 1.44 and a beta of 0.84. The firm's fifty day moving average is GBX 341.22 and its 200 day moving average is GBX 345.27. 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 (LON:WIL - Get Free Report) last issued its earnings results on Monday, September 22nd. The company reported GBX 23.72 EPS for the quarter. Wilmington had a net margin of 18.89% and a return on equity of 18.71%. As a group, analysts predict that Wilmington plc will post 21.5300004 earnings per share for the current fiscal year.

Insider Activity at Wilmington

In other news, insider Mark Milner sold 71,868 shares of the company's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of GBX 325, for a total value of £233,571. Also, insider Guy Millward sold 1,525 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of GBX 323, for a total transaction of £4,925.75. Over the last 90 days, insiders sold 115,660 shares of company stock valued at $37,586,450. 12.89% of the stock is owned by insiders.

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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