Ladbrokes PLC Receives Hold Rating from Numis Securities Ltd (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “hold” rating reaffirmed by stock analysts at Numis Securities Ltd in a report issued on Tuesday, American Banking and Market News reports. They currently have a GBX 150 ($2.49) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential downside of 3.23% from the stock’s previous close.
A number of other analysts have also recently weighed in on LAD. Analysts at Nomura reiterated a “reduce” rating on shares of Ladbrokes PLC in a research note on Monday. Separately, analysts at Deutsche Bank cut their price target on shares of Ladbrokes PLC from GBX 196 ($3.26) to GBX 177 ($2.94) in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at BNP Paribas cut their price target on shares of Ladbrokes PLC from GBX 220 ($3.66) to GBX 205 ($3.41) in a research note on Thursday, February 20th. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Ladbrokes PLC currently has an average rating of “Hold” and a consensus target price of GBX 161.86 ($2.69).
Ladbrokes PLC (LON:LAD) traded up 2.65% on Tuesday, hitting GBX 155.00. 16,256,488 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’s 50-day moving average is GBX 156.7 and its 200-day moving average is GBX 176.7. The company’s market cap is £1.419 billion.
The company also recently declared a dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Wednesday, March 26th will be given a dividend of GBX 4.60 ($0.08) per share. This represents a yield of 2.97%. The ex-dividend date of this dividend 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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