William Hill plc (LON:WMH) shares shot up 1.6% during mid-day trading on Monday . The company traded as high as GBX 295.60 ($3.98) and last traded at GBX 295 ($3.97). 2,967,725 shares changed hands during trading, a decline of 23% from the average session volume of 3,860,000 shares. The stock had previously closed at GBX 290.40 ($3.91).
A number of research firms recently issued reports on WMH. Bank of America upgraded William Hill to a “buy” rating and boosted their price objective for the company from GBX 224 ($3.01) to GBX 330 ($4.44) in a research report on Tuesday, November 7th. Morgan Stanley lifted their target price on William Hill from GBX 295 ($3.97) to GBX 305 ($4.10) and gave the company an “equal weight” rating in a research note on Tuesday, November 28th. Investec reaffirmed a “buy” rating and set a GBX 300 ($4.04) target price on shares of William Hill in a research note on Monday, November 20th. Numis Securities reaffirmed a “hold” rating and set a GBX 289 ($3.89) target price on shares of William Hill in a research note on Monday, November 20th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 285 ($3.84) target price on shares of William Hill in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 292.53 ($3.94).
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About William Hill
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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