You are here

Prices & Quotes - UK Markets - 888 Holdings (888)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 321.80p
Change Today:
-10.40p
Market Cap:
1,197.78m
Sector:
Travel & Leisure

Canaccord Genuity raises price target on 888 Holdings following William Hill acquisition

By Iain Gilbert

Date: Thursday 30 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity hiked their target price on gambling firm 888 Holdings from 510.0p to 690.0p on Thursday, stating the group was now "off to the races".
Canaccord Genuity believes 888's acquisition of William Hill International will be "transformational" in terms of earnings but also strategically.

The Canadian bank, which has a 'buy' rating on the stock, thinks the enlarged group will gain leading positions in key regulated markets as a result of the acquisition, with "a diversified product mix" and "enhanced scale to drive future growth".

Canaccord also said significant cost synergies of at least 100.0m had been identified by 888 across a number of areas, which will help to drive "improved profitability and margins".

"Consolidation has played an important role in the market in recent years and this transaction helps to strengthen 888 competitive position, albeit the increased scale and proprietary tech platform will also likely make it more attractive to a larger industry player looking to participate in further consolidation," said the analysts.

"Acknowledging the increased leverage but also the additional scale and opportunities from the transaction as well as the potential for additional revenue synergies along with ongoing consolidation activity we increase our TP to 690.0p, based on a SOTP approach."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

888 Holdings Market Data

Currency UK Pounds
Price 321.80p
Change Today -10.40p
52 Week High 478.00p
52 Week Low 270.00p
Volume 853,592
Shares Issued 372.21m
Market Cap 1,197.78m
Beta 1.06

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Price Trend
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Growth
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
EPS Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

888 Holdings Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Sep-21 25-Mar-21
Paid 13-Oct-21 24-May-21
Amount 4.50¢ 10.40¢

Trades for 26-Nov-2021

Time Volume / Share Price
16:37 94,067 @ 325.29p
16:35 143,109 @ 321.80p
16:29 238 @ 322.80p
16:29 183 @ 322.60p
16:29 278 @ 322.40p

888 Holdings Key Personnel

CEO Itai Pazner
CFO Yariv Dafna