Deutsche Bank Reaffirms Buy Rating for William Hill (WMH)
William Hill (LON:WMH)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a research note issued to investors on Tuesday. They currently have a GBX 390 ($5.29) price target on the gambling company’s stock. Deutsche Bank’s target price would indicate a potential upside of 16.80% from the company’s previous close.
Several other equities analysts have also commented on WMH. Morgan Stanley reiterated an “equal weight” rating and set a GBX 295 ($4.00) price objective on shares of William Hill in a research report on Monday, October 2nd. Berenberg Bank upgraded William Hill to a “hold” rating and increased their price objective for the company from GBX 250 ($3.39) to GBX 260 ($3.53) in a research report on Wednesday, October 4th. Canaccord Genuity reduced their price objective on William Hill from GBX 290 ($3.93) to GBX 285 ($3.86) and set a “hold” rating on the stock in a research report on Friday, October 20th. Bank of America upgraded William Hill to a “buy” rating and increased their price objective for the company from GBX 224 ($3.04) to GBX 330 ($4.48) in a research report on Tuesday, November 7th. Finally, Shore Capital reiterated a “hold” rating on shares of William Hill in a research report on Monday, November 20th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 300.13 ($4.07).
Shares of William Hill (LON WMH) traded down GBX 1.90 ($0.03) during trading on Tuesday, hitting GBX 333.90 ($4.53). The stock had a trading volume of 2,272,931 shares, compared to its average volume of 3,820,000. The company has a market cap of $2,870.00 and a price-to-earnings ratio of 1,757.37. William Hill has a 12-month low of GBX 239.10 ($3.24) and a 12-month high of GBX 345 ($4.68).
About William Hill
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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