Ladbrokes Price Target Lowered to GBX 155 at BNP Paribas (LAD)
Research analysts at BNP Paribas cut their price target on shares of Ladbrokes (LON:LAD) from GBX 170 ($2.72) to GBX 155 ($2.48) in a report released on Friday, Analyst Ratings.Net reports. The firm currently has an “underperform” rating on the stock. BNP Paribas’ price objective indicates a potential downside of 9.73% from the company’s current price.
LAD has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. downgraded shares of Ladbrokes (LON:LAD) from a “neutral” rating to a “sell” rating in a research note to investors on Friday. They now have a GBX 140 ($2.24) price target on the stock, down previously from GBX 190 ($3.04). Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Ladbrokes (LON:LAD) from GBX 175 ($2.80) to GBX 150 ($2.40) in a research note to investors on Friday. They now have an “underweight” rating on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Ladbrokes (LON:LAD) from GBX 215 ($3.44) to GBX 170 ($2.72) in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 193.05 ($3.09).
Shares of Ladbrokes (LON:LAD) traded down 1.21% on Friday, hitting GBX 171.70. 5,300,249 shares of the company’s stock traded hands. Ladbrokes has a 52 week low of GBX 169.90 and a 52 week 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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