Ladbrokes Given New GBX 160 Price Target at Credit Suisse (LAD)
Investment analysts at Credit Suisse reduced their target price on shares of Ladbrokes (LON:LAD) from GBX 170 ($2.79) to GBX 160 ($2.63) in a note issued to investors on Friday, American Banking News reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price target points to a potential upside of 4.85% from the company’s current price.
LAD has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Ladbrokes in a research note to investors on Friday, January 17th. They now have a GBX 95 ($1.56) price target on the stock, down previously from GBX 140 ($2.30). Separately, analysts at Davy Research reiterated a “neutral” rating on shares of Ladbrokes in a research note to investors on Thursday, January 16th. Finally, analysts at Panmure Gordon reiterated a “hold” rating on shares of Ladbrokes in a research note to investors on Thursday, January 16th. They now have a GBX 171 ($2.81) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 171.70 ($2.82).
Ladbrokes (LON:LAD) traded up 1.26% during mid-day trading on Friday, hitting GBX 152.60. 4,997,836 shares of the company’s stock traded hands. Ladbrokes has a 52-week low of GBX 151.80 and a 52-week high of GBX 245.00. The stock’s 50-day moving average is GBX 171.3 and its 200-day moving average is GBX 185.7. The company’s market cap is £1.397 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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