Canaccord Genuity lifts Wilmington target price

Canaccord Genuity has raised its target price for Wilmington, citing the company's full-year results which were in line with guidance. Wilmington reported ongoing revenues up 37% year-on-year and growth across eight of nine core units. Adjusted pre-tax profits rose 13% to £31.4m, though margins eased around 470 basis points due to lower-margin M&A and investment.