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

Wilmington plc (LON:WIL)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 328.74 and traded as low as GBX 298. Wilmington shares last traded at GBX 300, with a volume of 20,169 shares traded.

Key Stores Impacting Wilmington

Here are the key news stories impacting Wilmington this week:

• Positive Sentiment: Wilmington has appointed Singer Capital Markets Advisory LLP as a joint corporate broker — a move that can increase investor access, improve institutional coverage and liquidity, and provide advisory support for capital markets activity; this is the primary company-specific development investors should monitor. Wilmington Names Singer Capital Markets as Joint Corporate Broker
• Neutral Sentiment: First international commercial flight departs from Wilmington airport — local transport milestone, but no direct impact on Wilmington plc’s publishing/events business disclosed. First international commercial flight takes off from Wilmington airport
• Neutral Sentiment: Multiple local public-safety incidents reported (active shooter reports at retail and DMV locations; possible shots fired at a mall) — these are regional crime stories and unlikely to have a direct effect on Wilmington plc’s operations. Wilmington police respond to active shooter reports at Sigmon Road Walmart Wilmington Shooting: Active Shooter Reported At DMV In New Castle County Delaware Wilmington DMV active shooter incident: New details
• Neutral Sentiment: Travel/holiday guidance for flying to/from Wilmington and community pieces (Santa schedule, tips for holiday travelers, historic buildings lost, local election candidate list) — local interest stories with no clear corporate impact. When will Santa be in the Wilmington area? Here’s how to check. Flying in or out of Wilmington for the holidays? Here’s how to prepare
• Neutral Sentiment: Local community items (award for a Wilmington pizzeria, police outreach/self-defense class, criminal charges reported) — community news without clear bearing on Wilmington plc’s earnings or guidance. Wilmington’s Pizzeria Don Luca named best in North Carolina

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WIL shares. Berenberg Bank reiterated a “buy” rating and set a GBX 460 target price on shares of Wilmington in a research note on Monday, September 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 450 price objective on shares of Wilmington in a research note on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Wilmington from GBX 435 to GBX 465 and gave the stock a “buy” rating in a research report on Friday, November 28th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Wilmington currently has a consensus rating of “Buy” and an average price target of GBX 458.33.

Wilmington Trading Down 1.3%

The business’s 50 day moving average price is GBX 309.79 and its 200-day moving average price is GBX 328.74. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.70 and a quick ratio of 0.86. The firm has a market capitalization of £268.67 million, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84.

Wilmington (LON:WIL) last released its quarterly earnings data on Monday, September 22nd. The company reported GBX 23.72 EPS for the quarter. Wilmington had a return on equity of 18.71% and a net margin of 18.89%. Equities analysts forecast that Wilmington plc will post 21.5300004 EPS for the current fiscal year.

Insider Transactions at Wilmington

In related news, insider Mark Milner purchased 8,315 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was purchased at an average price of GBX 298 per share, for a total transaction of £24,778.70. Also, insider Guy Millward sold 1,525 shares of the 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. In the last quarter, insiders sold 115,660 shares of company stock valued at $37,586,450. Insiders own 12.83% of the company’s stock.

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.