Ladbrokes Price Target Lowered to GBX 185 at Numis Securities Ltd (LAD)
Equities researchers at Numis Securities Ltd dropped their target price on shares of Ladbrokes (LON:LAD) from GBX 210 ($3.39) to GBX 185 ($2.98) in a research report issued on Monday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 9.34% from the company’s current price.
A number of other analysts have also recently weighed in on LAD. Analysts at Deutsche Bank cut their price target on shares of Ladbrokes (LON:LAD) from GBX 232 ($3.74) to GBX 196 ($3.16) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at BNP Paribas cut their price target on shares of Ladbrokes (LON:LAD) from GBX 170 ($2.74) to GBX 155 ($2.50) in a research note to investors on Friday. They now have an “underperform” rating on the stock. Finally, 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 ($2.26) price target on the stock, down previously from GBX 190 ($3.07). Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 186.89 ($3.02).
Shares of Ladbrokes (LON:LAD) traded down 1.46% during mid-day trading on Monday, hitting GBX 169.20. The stock had a trading volume of 5,435,983 shares. Ladbrokes has a one year low of GBX 169.50 and a one year high of GBX 245.00. The stock has a 50-day moving average of GBX 195.8 and a 200-day moving average of GBX 205.1. The company’s market cap is £1.549 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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