Ladbrokes Price Target Cut to GBX 170 by Analysts at Morgan Stanley (LAD)
Morgan Stanley reduced their target price on shares of Ladbrokes (LON:LAD) from GBX 215 ($3.44) to GBX 170 ($2.72) in a research note issued on Friday, StockRatingsNetwork reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 0.99% from the company’s current price.
A number of other analysts have also recently weighed in on LAD. Analysts at Davy Research reiterated a “neutral” rating on shares of Ladbrokes (LON:LAD) in a research note to investors on Thursday. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of Ladbrokes (LON:LAD) in a research note to investors on Thursday. They now have a GBX 188 ($3.01) price target on the stock. Finally, analysts at Daniel Stewart & Co cut their price target on shares of Ladbrokes (LON:LAD) from GBX 225 ($3.60) to GBX 200 ($3.20) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 193.05 ($3.09).
Shares of Ladbrokes (LON:LAD) traded down 1.21% on Friday, hitting GBX 171.70. 6,090,049 shares of the company’s stock traded hands. Ladbrokes has a one year low of GBX 169.90 and a one year high of GBX 245.00. The stock’s 50-day moving average is GBX 195.8 and its 200-day moving average is GBX 205.1. The company’s market cap is £1.572 billion.
Ladbrokes plc is engaged in betting and gaming. The Company operates in five segments: UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers.
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