William Hill (WMH) Price Target Cut to GBX 260 by Analysts at Credit Suisse Group

William Hill (LON:WMH) had its price target lowered by Credit Suisse Group from GBX 330 ($4.31) to GBX 260 ($3.40) in a report published on Tuesday. Credit Suisse Group currently has an outperform rating on the gambling company’s stock.

Several other equities research analysts also recently weighed in on the company. Canaccord Genuity reaffirmed a buy rating and set a GBX 315 ($4.12) price target on shares of William Hill in a research report on Wednesday, September 5th. Peel Hunt reaffirmed an add rating on shares of William Hill in a research report on Wednesday, October 3rd. Barclays cut their price target on William Hill from GBX 320 ($4.18) to GBX 300 ($3.92) and set an overweight rating on the stock in a research report on Tuesday, October 16th. Shore Capital reaffirmed a hold rating on shares of William Hill in a research report on Tuesday, September 25th. Finally, Morgan Stanley reaffirmed an equal weight rating and set a GBX 340 ($4.44) price target on shares of William Hill in a research report on Wednesday, September 5th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of GBX 311.73 ($4.07).

Shares of WMH opened at GBX 222.20 ($2.90) on Tuesday. William Hill has a fifty-two week low of GBX 239.10 ($3.12) and a fifty-two week high of GBX 345 ($4.51).

William Hill (LON:WMH) last announced its quarterly earnings results on Friday, August 3rd. The gambling company reported GBX 9.10 ($0.12) earnings per share for the quarter, missing the consensus estimate of GBX 13.50 ($0.18) by GBX (4.40) (($0.06)). William Hill had a return on equity of 13.25% and a net margin of 9.73%.

In other William Hill news, insider Ruth Prior bought 38,998 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were purchased at an average cost of GBX 258 ($3.37) per share, for a total transaction of £100,614.84 ($131,471.11).

About William Hill

William Hill PLC provides sports betting and gaming services in the United Kingdom, Australia, the United States, Italy, Spain, and internationally. It operates through Retail, Online, US, Australia, and Other segments. The company operates licensed betting offices that offer various betting and gaming services, including horseracing, greyhound racing, football betting, virtual racing, numbers betting, and other services.

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