Wilmington PLC (LON:WIL)’s share price reached a new 52-week high during trading on Monday after Canaccord Genuity raised their price target on the stock from GBX 255 to GBX 280. Canaccord Genuity currently has a buy rating on the stock. Wilmington traded as high as GBX 232 ($3.03) and last traded at GBX 225 ($2.94), with a volume of 9261 shares. The stock had previously closed at GBX 222 ($2.90).
Separately, Shore Capital reiterated a “hold” rating on shares of Wilmington in a research report on Thursday, September 19th.
In related news, insider Martin William Howard Morgan bought 25,000 shares of the business’s stock in a transaction on Monday, July 8th. The stock was bought at an average price of GBX 200 ($2.61) per share, for a total transaction of £50,000 ($65,333.86).
The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 98.01. The company has a market cap of $197.00 million and a PE ratio of 17.86. The business’s 50-day simple moving average is GBX 198.55 and its 200-day simple moving average is GBX 200.74.
The business also recently announced a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be given a GBX 5 ($0.07) dividend. This is an increase from Wilmington’s previous dividend of $4.10. The ex-dividend date of this dividend is Thursday, October 17th. This represents a yield of 2.53%. Wilmington’s dividend payout ratio is presently 0.71%.
Wilmington Company Profile (LON:WIL)
Wilmington plc provides information, education, and networking services to professional markets worldwide. Its Risk & Compliance segment provides regulatory and compliance training and information, market intelligence, and analysis services. This segment focuses on international financial services and insurance markets, as well as the United Kingdom pensions industry, and risk and compliance officers.
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