Investec Reaffirms Reduce Rating for William Hill plc (WMH)
William Hill plc (LON:WMH)‘s stock had its “reduce” rating reaffirmed by investment analysts at Investec in a report released on Monday. They presently have a GBX 286 ($3.54) target price on the gambling company’s stock. Investec’s price objective indicates a potential downside of 8.40% from the company’s current price.
WMH has been the subject of several other reports. Deutsche Bank AG restated a “buy” rating and set a GBX 420 ($5.20) target price on shares of William Hill plc in a research note on Monday, August 8th. Citigroup Inc. restated a “buy” rating on shares of William Hill plc in a research note on Friday, September 9th. Canaccord Genuity lowered their target price on William Hill plc from GBX 340 ($4.21) to GBX 301 ($3.73) and set a “hold” rating for the company in a research note on Friday, July 15th. Goodbody restated a “hold” rating on shares of William Hill plc in a research note on Monday, June 20th. Finally, Liberum Capital restated a “hold” rating and set a GBX 319 ($3.95) target price on shares of William Hill plc in a research note on Thursday, July 21st. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. William Hill plc currently has a consensus rating of “Hold” and a consensus price target of GBX 352.21 ($4.36).
William Hill plc (LON:WMH) opened at 307.40 on Monday. The stock’s 50 day moving average price is GBX 308.35 and its 200 day moving average price is GBX 306.36. William Hill plc has a 52-week low of GBX 235.50 and a 52-week high of GBX 415.70. The firm’s market capitalization is GBX 2.70 billion.
The firm also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, October 20th will be given a GBX 4.10 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 1.29%.
William Hill plc Company Profile
William Hill PLC is a United Kingdom-based gambling company. The Company provides land-based and mobile sports betting services. The Company’s segments include Retail, Online, Telephone, US, Australia and Other. The Retail segment consists of all activity undertaken in licensed betting offices (LBOs), including gaming machines.
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