Citigroup issued broker notes on Tuesday on both William Hill and Rolls-Royce, reaffirming previous ratings after a month of activity for both companies.
Citigroup brokers reaffirmed their buy investment rating on William Hill PLC [LON:WMH] and set its price target at 380p.
Shares in William Hill (LON:WMH) jumped earlier in March after the UK’s Gambling Commission recommended new restrictions on fixed-odds betting terminals (FOBT) that were lighter than expected. The Commission said the maximum stake FOBTs should be dropped from £100 to £30.
William Hill shares are currently trading up 1.08 percent at 327.40 (0916GMT).
Citigroup also reaffirmed its buy investment rating on Rolls-Royce Group (LON:RR) and set its price target at 1083p.
Earlier this month Rolls-Royce shares rocketed 11 after posting a 25 percent profit rise well ahead of their own expectations.
Pre-tax profit for the 2017 year rose to £1.07 billion, a huge jump from the £813 million posted in 2016, with revenue increasing by 6 percent to £15.09 billion. The company held its dividend steadydeclaring a figure 11.7p per share for the full year.
Chief executive Warren East said Rolls Royce had made “good progress” during the year.
Rolls-Royce shares are currently up 1.01 percent at 876.40 (0916GMT).
