Ladbrokes Receives Underperform Rating from Credit Suisse (LAD)
Ladbrokes (LON:LAD)‘s stock had its “underperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Friday, American Banking and Market News reports. They currently have a GBX 170 ($2.79) target price on the stock. Credit Suisse’s target price points to a potential upside of 1.34% from the stock’s previous close.
A number of other firms have also recently commented on LAD. Analysts at Barclays downgraded shares of Ladbrokes to an “underweight” rating in a research note to investors on Thursday. They now have a GBX 169 ($2.77) price target on the stock, down previously from GBX 188 ($3.08). Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Ladbrokes in a research note to investors on Wednesday. They now have a GBX 140 ($2.30) price target on the stock. Finally, analysts at Investec cut their price target on shares of Ladbrokes from GBX 160 ($2.62) to GBX 155 ($2.54) in a research note to investors on Wednesday, December 18th. They now have a “sell” rating on the stock. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 175.84 ($2.88).
Shares of Ladbrokes (LON:LAD) traded up 0.73% on Friday, hitting GBX 165.30. 2,433,664 shares of the company’s stock traded hands. Ladbrokes has a 1-year low of GBX 163.20 and a 1-year high of GBX 245.00. The stock’s 50-day moving average is GBX 174.4 and its 200-day moving average is GBX 188.4. The company’s market cap is £1.513 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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