Ladbrokes Lowered to Sell at Goodbody Stockbrokers Ltd (LAD)
Ladbrokes (LON:LAD) was downgraded by Goodbody Stockbrokers Ltd to a “sell” rating in a research note issued on Wednesday, Analyst Ratings News reports. They currently have a GBX 140 ($2.31) price target on the stock, down from their previous price target of GBX 215 ($3.54). Goodbody Stockbrokers Ltd’s price objective points to a potential downside of 15.25% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “reduce” rating on shares of Ladbrokes in a research note to investors on Wednesday. Separately, 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. Finally, 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. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target 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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