Ladbrokes PLC Given Consensus Recommendation of “Hold” by Analysts (LON:LAD)
Ladbrokes PLC (LON:LAD) has earned an average rating of “Hold” from the twenty-two analysts that are covering the stock, Analyst Ratings Network.com reports. Nine equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 145.95 ($2.44).
Ladbrokes PLC (LON:LAD) opened at 130.00 on Tuesday. Ladbrokes PLC has a 1-year low of GBX 128.60 and a 1-year high of GBX 219.00. The stock’s 50-day moving average is GBX 149.7 and its 200-day moving average is GBX 167.5. The company’s market cap is £1.184 billion.
LAD has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Ladbrokes PLC in a research note on Thursday, April 10th. They now have a GBX 95 ($1.59) price target on the stock, down previously from GBX 100 ($1.67). Separately, analysts at Goodbody Stockbrokers Ltd cut their price target on shares of Ladbrokes PLC from GBX 140 ($2.34) to GBX 115 ($1.92) in a research note on Tuesday, April 1st. They now have a “sell” rating on the stock. Finally, analysts at FinnCap cut their price target on shares of Ladbrokes PLC from GBX 160 ($2.68) to GBX 130 ($2.18) in a research note on Wednesday, March 26th. They now have a “hold” rating on the stock.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.