Ladbrokes PT Lowered to GBX 125 (LAD)
Equities research analysts at Citigroup Inc. lowered their price objective on shares of Ladbrokes (LON:LAD) from GBX 140 ($2.30) to GBX 125 ($2.05) in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has a “sell” rating on the stock. Citigroup Inc.’s target price suggests a potential downside of 18.09% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Ladbrokes from GBX 170 ($2.79) to GBX 160 ($2.63) in a research note to investors on Friday. They now have an “underperform” rating on the stock. Separately, 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). Finally, analysts at Davy Research reiterated a “neutral” rating on shares of Ladbrokes in a research note to investors on Thursday, January 16th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 171.70 ($2.82).
Shares of 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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