Nomura Lowers Ladbrokes Price Target to GBX 145 (LAD)
Stock analysts at Nomura cut their target price on shares of Ladbrokes (LON:LAD) from GBX 165 ($2.66) to GBX 145 ($2.34) in a report issued on Tuesday, AR Network reports. The firm currently has a “reduce” rating on the stock. Nomura’s target price indicates a potential downside of 14.30% from the stock’s previous close.
Ladbrokes (LON:LAD) traded down 0.59% during mid-day trading on Tuesday, hitting GBX 168.20. The stock had a trading volume of 4,668,764 shares. Ladbrokes has a 52 week low of GBX 169.50 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 £1.540 billion.
LAD has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd cut their price target on shares of Ladbrokes (LON:LAD) from GBX 210 ($3.39) to GBX 185 ($2.98) in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 185.78 ($3.00).
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.