HSBC Lowers William Hill Price Target to GBX 350 (WMH)
Equities research analysts at HSBC cut their price target on shares of William Hill (LON:WMH) from GBX 385 ($6.32) to GBX 350 ($5.75) in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm currently has an “underweight” rating on the stock. HSBC’s price target indicates a potential downside of 1.52% from the stock’s previous close.
Shares of William Hill (LON:WMH) opened at 348.94 on Wednesday. William Hill has a 52 week low of GBX 323.52 and a 52 week high of GBX 494.60. The stock has a 50-day moving average of GBX 383.5 and a 200-day moving average of GBX 410.9. The company’s market cap is £2.920 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of William Hill from GBX 360 ($5.91) to GBX 340 ($5.58) in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of William Hill in a research note to investors on Monday. They now have a GBX 420 ($6.89) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of William Hill in a research note to investors on Monday. They now have a GBX 405 ($6.65) price target on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 454.33 ($7.46).
William Hill PLC is a gambling company. The Company’s business is to provide its customers with a range of sports betting and gaming opportunities.
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