Wilmington (LON:WIL) Stock Breaks Below Fifty Day Moving Average – Here’s What Happened

Wilmington plc (LON:WIL – Get Free Report)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 271.94 and traded as low as GBX 266. Wilmington shares last traded at GBX 270, with a volume of 100,010 shares.

Key Stories Impacting Wilmington

Here are the key news stories impacting Wilmington this week:

Analyst Ratings Changes

Several equities analysts recently weighed in on WIL shares. Berenberg Bank reissued a “buy” rating and set a GBX 485 price objective on shares of Wilmington in a research report on Friday, October 23rd. Canaccord Genuity Group raised their target price on Wilmington from GBX 445 to GBX 470 and gave the company a “buy” rating in a report on Thursday, October 1st. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 458.33.

Check Out Our Latest Report on Wilmington

Wilmington Price Performance

The stock’s 50-day moving average is GBX 271.94 and its 200-day moving average is GBX 266.29. The firm has a market cap of £241.92 million, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.44 and a beta of 0.30. The company has a quick ratio of 0.86, a current ratio of 0.75 and a debt-to-equity ratio of 62.24.

Wilmington (LON:WIL – Get Free Report) last released its earnings results on Tuesday, September 29th. The company reported GBX 25.14 EPS for the quarter. Wilmington had a net margin of 9.29% and a return on equity of 10.05%. As a group, equities analysts anticipate that Wilmington plc will post 21.53 EPS for the current fiscal year.

Insider Activity

In related news, insider Mark Milner sold 71,613 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of GBX 274, for a total value of £196,219.62. Also, insider Guy Millward sold 106,895 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of GBX 275, for a total transaction of £293,961.25. In the last 90 days, insiders have sold 220,867 shares of company stock worth $60,624,453. Insiders own 12.97% of the company’s stock.

Wilmington Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Wilmington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wilmington and related companies with MarketBeat.com's FREE daily email newsletter.