UBS Group Upgrades William Hill (WMH) to “Buy”

William Hill (LON:WMH) was upgraded by UBS Group to a “buy” rating in a report released on Monday, reports. The firm currently has a GBX 300 ($3.92) price objective on the gambling company’s stock, down from their previous price objective of GBX 330 ($4.31). UBS Group’s price target suggests a potential upside of 49.48% from the stock’s previous close.

Several other research analysts have also recently issued reports on WMH. Peel Hunt raised William Hill to a “hold” rating and set a GBX 305 ($3.99) price target for the company in a research note on Friday, July 27th. Shore Capital reissued a “hold” rating on shares of William Hill in a research note on Friday, August 3rd. Goldman Sachs Group raised William Hill to a “neutral” rating and increased their price target for the stock from GBX 265 ($3.46) to GBX 286 ($3.74) in a research note on Tuesday, August 7th. Morgan Stanley decreased their price target on William Hill from GBX 355 ($4.64) to GBX 340 ($4.44) and set an “equal weight” rating for the company in a research note on Monday, August 13th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of William Hill in a research note on Thursday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 307.56 ($4.02).

LON:WMH opened at GBX 200.70 ($2.62) on Monday. William Hill has a 1 year low of GBX 239.10 ($3.12) and a 1 year high of GBX 345 ($4.51).

In other news, insider Ruth Prior bought 38,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was acquired at an average price of GBX 258 ($3.37) per share, with a total value 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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Analyst Recommendations for William Hill (LON:WMH)

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