Ladbrokes Rating Reiterated by JPMorgan Chase & Co. (LAD)
Ladbrokes (LON:LAD)‘s stock had its “underweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, StockRatingsNetwork reports.
Shares of Ladbrokes (LON:LAD) traded down 4.55% on Friday, hitting GBX 168.00. 7,094,592 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 has a 50-day moving average of GBX 173.5 and a 200-day moving average of GBX 187.4. The company’s market cap is £1.538 billion.
Several other analysts have also recently commented on the stock. Analysts at Davy Research reiterated a “neutral” rating on shares of Ladbrokes in a research note to investors on Thursday. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of Ladbrokes in a research note to investors on Thursday. They now have a GBX 171 ($2.82) price target on the stock. Finally, 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. 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 stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 176.99 ($2.92).
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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