Ladbrokes Rating Reiterated by Canaccord Genuity (LAD)
Ladbrokes (LON:LAD)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday, American Banking News reports. They currently have a GBX 190 ($3.07) price objective on the stock. Canaccord Genuity’s target price would indicate a potential upside of 10.98% from the company’s current price.
Ladbrokes (LON:LAD) traded down 0.12% on Friday, hitting GBX 171.00. The stock had a trading volume of 2,251,556 shares. Ladbrokes has a 52-week low of GBX 165.40 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 £1.565 billion.
A number of other firms have also recently commented on LAD. Analysts at AlphaValue reiterated an “add” rating on shares of Ladbrokes (LON:LAD) in a research note to investors on Thursday. They now have a GBX 199 ($3.21) price target on the stock. Separately, analysts at Nomura cut their price target on shares of Ladbrokes (LON:LAD) from GBX 165 ($2.66) to GBX 145 ($2.34) in a research note to investors on Tuesday. They now have a “reduce” rating on the stock. Finally, 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. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Ladbrokes has an average rating of “Hold” and an average target price of GBX 185.44 ($2.99).
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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