HSBC Cuts William Hill (LON:WMH) Price Target to GBX 150

William Hill (LON:WMH) had its price target cut by HSBC from GBX 225 ($2.96) to GBX 150 ($1.97) in a research report report published on Monday, Stock Target Advisor reports. They currently have a buy rating on the gambling company’s stock.

A number of other research analysts also recently issued reports on the stock. UBS Group restated a neutral rating on shares of William Hill in a research report on Friday, February 21st. JPMorgan Chase & Co. restated a neutral rating on shares of William Hill in a research report on Friday, January 17th. Royal Bank of Canada restated a sector perform rating and set a GBX 220 ($2.89) target price on shares of William Hill in a research report on Monday, January 13th. Canaccord Genuity restated a buy rating and set a GBX 258 ($3.39) target price on shares of William Hill in a research report on Tuesday, January 14th. Finally, Berenberg Bank decreased their target price on shares of William Hill from GBX 250 ($3.29) to GBX 240 ($3.16) and set a buy rating for the company in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 224.46 ($2.95).

LON WMH opened at GBX 68.52 ($0.90) on Monday. The company has a market capitalization of $611.93 million and a PE ratio of -22.10. The company has a fifty day moving average of GBX 136.36 and a 200 day moving average of GBX 172.34. William Hill has a 1 year low of GBX 28.63 ($0.38) and a 1 year high of GBX 206.80 ($2.72). The company has a debt-to-equity ratio of 331.01, a current ratio of 0.66 and a quick ratio of 0.61.

The company also recently disclosed a dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, April 23rd will be given a GBX 5.34 ($0.07) dividend. The ex-dividend date is Thursday, April 23rd. This represents a dividend yield of 3.18%. This is an increase from William Hill’s previous dividend of $2.66. William Hill’s dividend payout ratio is -3.23%.

In other news, insider Gordon Wilson acquired 25,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was acquired at an average price of GBX 39 ($0.51) per share, for a total transaction of £9,750 ($12,825.57).

About William Hill

William Hill plc provides sports betting and gaming services in the United Kingdom and internationally. It operates through Retail, Online, US Existing, US Expansion, and Other segments. The company operates licensed betting offices that offer sports betting services on football, horseracing, and other sports, as well as gaming on machines.

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Analyst Recommendations for William Hill (LON:WMH)

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