William Hill (WMH) Hits New 12-Month High on Analyst Upgrade

William Hill plc (LON:WMH) reached a new 52-week high on Thursday after Barclays raised their price target on the stock from GBX 315 to GBX 330. Barclays currently has an equal weight rating on the stock. William Hill traded as high as GBX 345 ($4.68) and last traded at GBX 335.10 ($4.54), with a volume of 8973093 shares. The stock had previously closed at GBX 335.10 ($4.54).

A number of other equities research analysts also recently weighed in on WMH. Canaccord Genuity upgraded William Hill to a “buy” rating and upped their target price for the stock from GBX 285 ($3.86) to GBX 350 ($4.75) in a research report on Friday, January 5th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 390 ($5.29) price target on shares of William Hill in a report on Wednesday, November 1st. Berenberg Bank raised William Hill to a “hold” rating and upped their price target for the company from GBX 250 ($3.39) to GBX 260 ($3.53) in a report on Wednesday, October 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a GBX 295 ($4.00) price target on shares of William Hill in a report on Monday, October 2nd. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 289 ($3.92) price target on shares of William Hill in a report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 293.56 ($3.98).

The stock has a market capitalization of $2,880.00 and a P/E ratio of 1,763.68.

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William Hill Company Profile

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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