William Hill plc (LON:WMH) hit a new 52-week low on Wednesday after Canaccord Genuity lowered their price target on the stock from GBX 260 to GBX 250. Canaccord Genuity currently has a buy rating on the stock. William Hill traded as low as GBX 190.10 ($2.48) and last traded at GBX 194.25 ($2.54), with a volume of 8564457 shares traded. The stock had previously closed at GBX 200.70 ($2.62).
Other equities research analysts have also issued reports about the stock. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 280 ($3.66) price target on shares of William Hill in a research note on Wednesday. Morgan Stanley raised shares of William Hill to an “overweight” rating and decreased their price target for the company from GBX 290 ($3.79) to GBX 280 ($3.66) in a research note on Wednesday. Shore Capital reaffirmed a “hold” rating on shares of William Hill in a research note on Friday, August 3rd. Credit Suisse Group decreased their price target on shares of William Hill from GBX 340 ($4.44) to GBX 330 ($4.31) and set an “outperform” rating on the stock in a research note on Friday, September 7th. Finally, Peel Hunt reaffirmed an “add” rating on shares of William Hill in a research note on Monday, August 13th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. William Hill has an average rating of “Buy” and an average price target of GBX 299.75 ($3.92).
In other William Hill news, insider Ruth Prior acquired 38,998 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was bought at an average price of GBX 258 ($3.37) per share, for a total transaction of £100,614.84 ($131,471.11).
About William Hill (LON:WMH)
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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