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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  888 Holdings plc    888   GI000A0F6407

888 HOLDINGS PLC

(888)
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Consumer stocks help UK shares end harsh week higher

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09/25/2020 | 12:08pm EDT
Traders look at financial information on computer screens on the IG Index trading floor

A near 44% surge in bookmaker William Hill on takeover offers lifted consumer stocks on Friday, helping UK shares outperform European peers and end a tumultuous week on a high note.

Without disclosing the value, buyout firm Apollo and U.S. casino operator Caesars Entertainment made offers for the British betting firm, which had a market value of 2.28 billion pounds ($2.90 billion) at Thursday's close.

"William Hill had been one of the big gainers since March among UK equities... The news of course has done what bid approaches always do, namely lift the rest of the sector as well," said Chris Beauchamp, chief market analyst at IG.

William Hill's peers GVC, Flutter Entertainment and 888 Holdings rose between 6.8% and 16.7%.

The moves helped London's mid-caps index end up 1.4% in its best day in three weeks.

The blue-chips FTSE 100 index rose 0.3% but losses for miners <.FTNMX1770> and oil stocks <.FTNMX0530>, which tracked commodity prices lower, and banks <.FTNMX8350>, which extended losses to a fourth straight session, kept gains in check. [MET/L] [IRONORE/] [O/R]

But the moves stood out as Europe declined with the pan-European STOXX 600 index closing down 0.1%, while German shares lost 1%. [.EU]

Fading hopes of an economic recovery, anticipation of severe restrictions in the UK to curb a resurgence in COVID-19 cases and the scaling back of government job support hit sentiment this week. Both UK indexes lost nearly 3% - the worst week in eight for the FTSE 100.

The prospect of Brexit without a trade deal with the European Union also adds to the uncertainty, overshadowing support from past stimulus measures.

Auto makers <.FTNMX3350>, miners <.FTNMX1770> and insurers <.FTNMX8350> were among the biggest laggards. The general retailers index <.FTNMX5370> posted weekly gains as retail sales picked up, while a survey on Friday showed consumer confidence in September rose to its highest level since March.

(Reporting by Shashank Nayar in Bengaluru; editing by Uttaresh.V and Andrew Heavens)

By Susan Mathew and Shashank Nayar


Stocks mentioned in the article
ChangeLast1st jan.
888 HOLDINGS PLC -1.48% 266 Delayed Quote.63.64%
CAESARS ENTERTAINMENT, INC. 3.22% 55.235 Delayed Quote.292.79%
EURO / BRITISH POUND (EUR/GBP) 0.58% 0.91413 Delayed Quote.7.19%
FLUTTER ENTERTAINMENT PLC -0.63% 142.5 Delayed Quote.33.77%
GVC HOLDINGS PLC -1.44% 1024.5 Delayed Quote.17.56%
LONDON BRENT OIL 1.84% 43.14 Delayed Quote.-34.86%
STOXX EUROPE 600 -0.35% 365.51 Delayed Quote.-11.79%
STOXX EUROPE 600 NR -0.35% 803.85 Delayed Quote.-10.22%
WILLIAM HILL 0.72% 280 Delayed Quote.47.52%
WTI 2.17% 41.68 Delayed Quote.-33.36%
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Financials (USD)
Sales 2020 729 M - -
Net income 2020 74,5 M - -
Net cash 2020 101 M - -
P/E ratio 2020 17,5x
Yield 2020 2,81%
Capitalization 1 295 M 1 299 M -
EV / Sales 2020 1,64x
EV / Sales 2021 1,54x
Nbr of Employees 1 413
Free-Float 70,2%
Chart 888 HOLDINGS PLC
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Technical analysis trends 888 HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 3,72 $
Last Close Price 3,50 $
Spread / Highest target 35,8%
Spread / Average Target 6,49%
Spread / Lowest Target -23,5%
EPS Revisions
Managers
NameTitle
Itai Pazner Chief Executive Officer & Executive Director
Brian Roger Mattingley Non-Executive Chairman
Jonathan Mendelsohn Chairman-Designate
Naama Kushnir Chief Operating Officer
Aviad Kobrine Chief Financial Officer & Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
888 HOLDINGS PLC63.64%1 299
GALAXY ENTERTAINMENT GROUP LIMITED-10.02%28 938
SANDS CHINA LTD.-33.61%28 862
FLUTTER ENTERTAINMENT PLC33.77%26 168
EVOLUTION GAMING GROUP AB151.06%14 570
ARISTOCRAT LEISURE LIMITED-8.05%14 009