Ladbrokes PLC Price Target Cut to GBX 205 by Analysts at BNP Paribas (LAD)
Analysts at BNP Paribas dropped their price objective on shares of Ladbrokes PLC (LON:LAD) from GBX 220 ($3.69) to GBX 205 ($3.44) in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. BNP Paribas’ target price would indicate a potential upside of 38.42% from the company’s current price.
Shares of Ladbrokes PLC (LON:LAD) traded up 0.14% on Thursday, hitting GBX 148.10. The stock had a trading volume of 4,243,910 shares. Ladbrokes PLC has a 52 week low of GBX 144.20 and a 52 week high of GBX 245.00. The stock’s 50-day moving average is GBX 158.1 and its 200-day moving average is GBX 177.8. The company’s market cap is £1.356 billion.
Several other analysts have also recently commented on the stock. Analysts at UBS AG upgraded shares of Ladbrokes PLC to a “buy” rating in a research note on Friday, February 14th. They now have a GBX 180 ($3.02) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Ladbrokes PLC in a research note on Wednesday, February 12th. They now have a GBX 123 ($2.06) price target on the stock. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Ladbrokes PLC in a research note on Wednesday, February 5th. They now have a GBX 160 ($2.68) price target on the stock. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 167.92 ($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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