Ladbrokes PLC PT Lowered to GBX 162 (LAD)
Research analysts at Canaccord Genuity cut their price objective on shares of Ladbrokes PLC (LON:LAD) from GBX 190 ($3.16) to GBX 162 ($2.69) in a report released on Tuesday, Analyst Ratings Net reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 4.52% from the stock’s previous close.
LAD has been the subject of a number of other recent research reports. Analysts at Goodbody Stockbrokers Ltd reiterated a “sell” rating on shares of Ladbrokes PLC in a research note on Tuesday. Separately, 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. Finally, 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. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 161.86 ($2.69).
Ladbrokes PLC (LON:LAD) traded up 2.38% on Tuesday, hitting GBX 154.60. 16,777,550 shares of the company’s stock traded hands. Ladbrokes PLC has a 1-year low of GBX 144.20 and a 1-year high of GBX 245.00. The stock has a 50-day moving average of GBX 156.7 and a 200-day moving average of GBX 176.7. The company’s market cap is £1.415 billion.
The company also recently announced a dividend, which is scheduled for Thursday, May 15th. Investors of record on Wednesday, March 26th will be paid a dividend of GBX 4.60 ($0.08) per share. This represents a dividend yield of 2.97%. The ex-dividend date is Wednesday, March 26th.
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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