Ladbrokes’s “Outperform” Rating Reaffirmed at BNP Paribas (LAD)
Ladbrokes (LON:LAD)‘s stock had its “outperform” rating reiterated by analysts at BNP Paribas in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 220 ($3.62) price target on the stock. BNP Paribas’ target price would indicate a potential upside of 46.76% from the company’s current price.
Shares of Ladbrokes (LON:LAD) traded down 0.27% on Tuesday, hitting GBX 149.90. The stock had a trading volume of 3,010,164 shares. Ladbrokes has a one year low of GBX 148.50 and a one year high of GBX 245.00. The stock’s 50-day moving average is GBX 170.6 and its 200-day moving average is GBX 185.. The company’s market cap is £1.372 billion.
LAD has been the subject of a number of other recent research reports. Analysts at Morgan Stanley cut their price target on shares of Ladbrokes from GBX 165 ($2.72) to GBX 150 ($2.47) in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at Investec reiterated a “sell” rating on shares of Ladbrokes in a research note to investors on Friday. They now have a GBX 155 ($2.55) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Ladbrokes from GBX 140 ($2.31) to GBX 125 ($2.06) in a research note to investors on Friday. They now have a “sell” rating on the stock. Seven 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. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 170.59 ($2.81).
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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