Ladbrokes Receives “Hold” Rating from Numis Securities Ltd (LAD)
Ladbrokes (LON:LAD)‘s stock had its “hold” rating reiterated by research analysts at Numis Securities Ltd in a report released on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 185 ($2.97) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 2.89% from the company’s current price.
Ladbrokes (LON:LAD) opened at 188.50 on Thursday. Ladbrokes has a 1-year low of GBX 165.40 and a 1-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 £1.726 billion.
A number of other analysts have also recently weighed in on LAD. Analysts at Investec cut their price target on shares of Ladbrokes from GBX 200 ($3.21) to GBX 160 ($2.57) in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group downgraded shares of Ladbrokes from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a GBX 170 ($2.73) price target on the stock, down previously from GBX 230 ($3.69). Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Ladbrokes in a research note to investors on Monday. They now have a GBX 140 ($2.25) price target on the stock. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Ladbrokes currently has a consensus rating of “Hold” and a consensus price target of GBX 175.44 ($2.81).
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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