888 Holdings Public (LON:888) Given Buy Rating at Peel Hunt

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Peel Hunt reaffirmed their buy rating on shares of 888 Holdings Public (LON:888) in a research report sent to investors on Wednesday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued reports about the company. Canaccord Genuity reaffirmed a buy rating and set a GBX 285 ($3.72) target price on shares of 888 Holdings Public in a research report on Tuesday, March 12th. Numis Securities cut their target price on 888 Holdings Public from GBX 245 ($3.20) to GBX 175 ($2.29) and set a hold rating on the stock in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of 888 Holdings Public in a research report on Wednesday, May 15th.

Shares of 888 Holdings Public stock opened at GBX 156.50 ($2.04) on Wednesday. The firm has a market cap of $575.16 million and a PE ratio of 6.07. 888 Holdings Public has a 12-month low of GBX 126.70 ($1.66) and a 12-month high of GBX 297.20 ($3.88).

The business also recently announced a dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, March 28th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, March 28th. This is a positive change from 888 Holdings Public’s previous dividend of $0.04. This represents a dividend yield of 3.62%. 888 Holdings Public’s payout ratio is 0.31%.

In related news, insider Itai Frieberger sold 2,000,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of GBX 152 ($1.99), for a total transaction of £3,040,000 ($3,972,298.45).

About 888 Holdings Public

888 Holdings plc, together with its subsidiaries, provides online gaming entertainment products and solutions. It operates through Business to Customer and Business to Business segments. The company owns proprietary software solutions that provide a range of virtual online gaming services over the Internet, including casino and games, poker, bingo, sport, and Mytopia social games to the end users and business partners.

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