William Hill plc 12.9% Potential Upside Indicated by Deutsche Bank Posted by: Ruth Bannister 16th December 2015
William Hill plc with EPIC/TICKER LON:WMH has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. William Hill plc are listed in the Consumer Services sector within UK Main Market. Deutsche Bank have set a target price of 420 GBX on its stock. This would imply the analyst believes there is now a potential upside of 12.9% from the opening price of 371.9 GBX. Over the last 30 and 90 trading days the company share price has increased 44.9 points and decreased 5.7 points respectively.
William Hill plc LON:WMH has a 50 day moving average of 346.41 GBX and the 200 Day Moving Average price is recorded at 377.20 GBX. The 52 week high share price is 432.1 GBX while the year low share price is currently 312.1 GBX. There are currently 872,114,268 shares in issue with the average daily volume traded being 3,026,123. Market capitalisation for LON:WMH is £3,227,694,959 GBP.
William Hill plc is a gambling company. The Company provides betting and gaming services across multiple channels and countries. It operates through five segments: Retail, Online segment, Telephone segment, US segment, Australia segment and Others. It’s betting and gaming products include horseracing, football, greyhound racing and electronic gaming.
<img src="William Hill plc’s (WMH) Buy Rating Reiterated at Deutsche Bank December 16th, 2015</b>
William Hill plc logoWilliam Hill plc (LON:WMH)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 420 ($6.33) price target on the gambling company’s stock. Deutsche Bank’s target price indicates a potential upside of 12.12% from the company’s current price.
Shares of William Hill plc (LON:WMH) opened at 368.3000 on Wednesday. William Hill plc has a 1-year low of GBX 312.10 and a 1-year high of GBX 432.10. The stock’s 50 day moving average price is GBX 345.43 and its 200 day moving average price is GBX 369.55. The company’s market cap is GBX 3.24 billion.
Other analysts have also recently issued research reports about the stock. Barclays cut their price target on shares of William Hill plc from GBX 415 ($6.25) to GBX 385 ($5.80) and set an “overweight” rating on the stock in a research report on Tuesday, November 3rd. Credit Suisse reaffirmed an “outperform” rating and set a GBX 455 ($6.86) price target on shares of William Hill plc in a research report on Monday, November 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 355 ($5.35) price target on shares of William Hill plc in a research report on Tuesday, November 3rd. Investec raised shares of William Hill plc from a “hold” rating to an “add” rating and set a GBX 333 ($5.02) price target on the stock in a research report on Wednesday, November 4th. Finally, AlphaValue reaffirmed an “add” rating and set a GBX 404 ($6.09) price target on shares of William Hill plc in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. William Hill plc has a consensus rating of “Hold” and a consensus target price of GBX 400.28 ($6.03).
In related news, insider Davis,Gareth bought 31,600 shares of William Hill plc stock in a transaction dated Monday, November 2nd. The stock was purchased at an average cost of GBX 316 ($4.76) per share, with a total value of £99,856 ($150,476.19).
William Hill PLC is a gambling company. The Company provides betting and gaming services across multiple channels and countries. It operates through five segments: Retail, which includes all activity undertaken in licensed betting office (LON:WMH), including gaming machines; Online segment, comprises all activity undertaken online outside of Australia, including sports betting, casino, poker sites and other gaming products; Telephone segment, which comprises the Group’s telephone betting services outside of Australia; US segment, comprises all activity undertaken
9 November 2015 William Hill has struck a deal to sponsor next month’s boxing match between Anthony Joshua and Dillian Whyte in a move that marks the bookmaker’s first foray into professional boxing. Due to take place at London’s O2 Arena on December 12, ‘Bad Intentions’ will see Joshua and Whyte fight for the British and Commonwealth Heavyweight titles. Under the agreement, struck with fight promoter Matchroom Sport, William Hill will showcase its ‘William Hill Vegas’ brand.
THE SUNDAY TIMES William Hill shares have tumbled 22 per cent to 331.7p since their peak in May, says Peter Evans in Inside the City. Its rivals, including Ladbrokes, Coral, Paddy Power and Betfair – went on summer spending sprees, agreeing multibillion-pound mergers. William Hill’s attempt to buy online rival 888 didn’t go ahead. The problem is that the industry is changing and those who don’t move fast risk getting left behind, says Evans. On the positive side, William Hill has rolled out a new sports betting platform and mobile app, and still owns more than 2,300 betting shops, which generate huge amounts of cash. However its low share price throws up possibilities, with some observers starting to see the firm as prey as well as predator. ‘Conversely – and despite its problems – that means the odds on a strong upside look good,’ says Evans. ‘Buy,’ he concludes.
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