Shares of William Hill plc (LON:WMH) dropped 1% on Tuesday . The stock traded as low as GBX 249.90 ($3.36) and last traded at GBX 250.60 ($3.37). Approximately 2,320,334 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 3,793,820 shares. The stock had previously closed at GBX 253.20 ($3.41).

WMH has been the subject of several recent research reports. Deutsche Bank AG reiterated a “buy” rating and set a GBX 390 ($5.24) price objective on shares of William Hill plc in a research report on Thursday, June 29th. Barclays PLC reduced their price objective on William Hill plc from GBX 325 ($4.37) to GBX 310 ($4.17) and set an “equal weight” rating for the company in a research report on Monday, July 17th. Berenberg Bank reiterated a “sell” rating and set a GBX 250 ($3.36) price objective on shares of William Hill plc in a research report on Thursday, August 3rd. Canaccord Genuity reiterated a “hold” rating and set a GBX 290 ($3.90) price objective on shares of William Hill plc in a research report on Thursday, August 3rd. Finally, Shore Capital reiterated a “hold” rating on shares of William Hill plc in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. William Hill plc has an average rating of “Hold” and an average target price of GBX 288.53 ($3.88).

The firm has a 50-day moving average price of GBX 248.51 and a 200-day moving average price of GBX 270.30. The company’s market cap is GBX 2.15 billion.

The company also recently disclosed a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 26th will be given a GBX 4.26 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 1.68%.

In related news, insider John O’Reilly bought 92,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average cost of GBX 275 ($3.70) per share, for a total transaction of £253,000 ($340,236.69).

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About William Hill plc

William Hill PLC is a gambling company. The Company’s segments include Retail, Online, US, Australia and Other. The Retail segment consists of all activities undertaken in licensed betting offices (LBOs), including gaming machines. The Online segment consists of all online and telephone activity outside of Australia, including sports betting, casino, poker sites and other gaming products along with telephone betting services.

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