Goodbody Stockbrokers Ltd Reiterates “Sell” Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “sell” rating reaffirmed by research analysts at Goodbody Stockbrokers Ltd in a report released on Tuesday, Analyst Ratings Network reports.
Shares of Ladbrokes PLC (LON:LAD) opened at 157.70 on Tuesday. 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 £1.444 billion.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon reiterated a “sell” rating on shares of Ladbrokes PLC in a research note on Tuesday. They now have a GBX 135 ($2.25) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Tuesday. They now have a GBX 150 ($2.49) price target on the stock. Finally, analysts at Nomura reiterated a “reduce” rating on shares of Ladbrokes PLC in a research note on Monday. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Ladbrokes PLC has a consensus rating of “Hold” and an average target price of GBX 164.04 ($2.73).
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.