Investec Reaffirms Reduce Rating for William Hill plc (WMH)
William Hill plc (LON:WMH)‘s stock had its “reduce” rating reaffirmed by analysts at Investec in a research note issued to investors on Monday. They presently have a GBX 286 ($3.54) price target on the gambling company’s stock. Investec’s price target points to a potential downside of 8.40% from the stock’s current price.
WMH has been the subject of a number of other research reports. Citigroup Inc. reissued a “buy” rating on shares of William Hill plc in a research report on Friday, September 9th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 340 ($4.21) price objective on shares of William Hill plc in a research report on Wednesday, October 5th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 315 ($3.90) price objective on shares of William Hill plc in a research report on Friday, September 2nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 390 ($4.83) price objective on shares of William Hill plc in a research report on Wednesday, August 24th. Finally, Goodbody reaffirmed a “hold” rating on shares of William Hill plc in a research report on Friday, August 19th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 352.21 ($4.36).
William Hill plc (LON:WMH) opened at 306.90 on Monday. The firm’s market capitalization is GBX 2.69 billion. William Hill plc has a one year low of GBX 235.50 and a one year high of GBX 415.70. The stock has a 50 day moving average of GBX 308.35 and a 200-day moving average of GBX 306.36.
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The company also recently announced a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, October 20th will be issued a dividend of GBX 4.10 ($0.05) per share. This represents a yield of 1.29%. The ex-dividend date is Thursday, October 20th.
About William Hill plc
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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