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Investing.com - Canaccord Genuity initiated coverage on Wilmington PLC (LON:WIL) with a Buy rating and a price target of GBP4.50, citing the company’s transformation into a focused provider of business-critical intelligence and training.
The research firm highlighted Wilmington’s portfolio shift toward high-growth, high-margin Governance, Risk & Compliance (GRC) training and information assets over the past five years, led by a refreshed management team.
Canaccord noted the company’s consistent operating margin expansion from approximately 13% to 26% during this five-year period, demonstrating improved portfolio quality following non-core disposals and select accretive acquisitions.
The firm pointed to Wilmington’s improved go-to-market strategy and the completion of its portfolio optimization efforts as key factors in its positive outlook for the company.
Canaccord also identified potential upside in Wilmington’s emerging RegTech platform, which could access a fast-growing, multi-billion dollar total addressable market, along with management’s appetite for mergers and acquisitions.
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