Ladbrokes Receives “Hold” Rating from Panmure Gordon (LAD)
Ladbrokes (LON:LAD)‘s stock had its “hold” rating restated by Panmure Gordon in a research note issued on Thursday, Stock Ratings Network.com reports. They currently have a GBX 171 ($2.82) price target on the stock. Panmure Gordon’s price target points to a potential downside of 1.16% from the stock’s previous close.
A number of other firms have also recently commented on LAD. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ladbrokes in a research note to investors on Thursday. They now have a GBX 196 ($3.23) price target on the stock. Separately, analysts at Investec reiterated a “sell” rating on shares of Ladbrokes in a research note to investors on Thursday. They now have a GBX 155 ($2.55) price target on the stock. Finally, analysts at Goodbody Stockbrokers Ltd downgraded shares of Ladbrokes to a “sell” rating in a research note to investors on Wednesday. They now have a GBX 140 ($2.31) price target on the stock, down previously from GBX 215 ($3.54). Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 175.05 ($2.88).
Shares of Ladbrokes (LON:LAD) traded up 1.73% on Thursday, hitting GBX 176.00. 13,896,253 shares of the company’s stock traded hands. Ladbrokes has a 1-year low of GBX 161.30 and a 1-year high of GBX 245.00. The stock’s 50-day moving average is GBX 173.8 and its 200-day moving average is GBX 187.5. The company’s market cap is £1.611 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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