Ladbrokes Given Reduce Rating at Nomura (LAD)
Ladbrokes (LON:LAD)‘s stock had its “reduce” rating restated by stock analysts at Nomura in a report issued on Wednesday, American Banking News.com reports.
Ladbrokes (LON:LAD) traded up 4.72% during mid-day trading on Wednesday, hitting GBX 173.00. 6,837,653 shares of the company’s stock traded hands. Ladbrokes has a one year low of GBX 161.30 and a one year high of GBX 245.00. The stock has a 50-day moving average of GBX 173.8 and a 200-day moving average of GBX 187.6. The company’s market cap is £1.584 billion.
LAD has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Ladbrokes in a research note to investors on Tuesday. They now have a GBX 220 ($3.63) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Ladbrokes in a research note to investors on Friday, January 10th. They now have a GBX 170 ($2.80) price target on the stock. Finally, analysts at Barclays downgraded shares of Ladbrokes to an “underweight” rating in a research note to investors on Thursday, January 9th. They now have a GBX 169 ($2.79) price target on the stock, down previously from GBX 188 ($3.10). Eight equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Ladbrokes currently has an average rating of “Hold” and an average target price of GBX 175.05 ($2.88).
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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