Ladbrokes PLC Given “Buy” Rating at Deutsche Bank (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Tuesday, American Banking News.com reports. They currently have a GBX 177 ($2.97) target price on the stock. Deutsche Bank’s target price would suggest a potential upside of 23.43% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Thursday, April 17th. They now have a GBX 170 ($2.86) price target on the stock. Separately, 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 ($1.60) price target on the stock, down previously from GBX 100 ($1.68). Finally, analysts at Goodbody Stockbrokers Ltd cut their price target on shares of Ladbrokes PLC from GBX 140 ($2.35) to GBX 115 ($1.93) in a research note on Tuesday, April 1st. They now have a “sell” rating on the stock. 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’s stock. Ladbrokes PLC has a consensus rating of “Hold” and a consensus price target of GBX 145.95 ($2.45).
Shares of Ladbrokes PLC (LON:LAD) traded down 1.17% during mid-day trading on Tuesday, hitting GBX 143.40. 4,253,585 shares of the company’s stock traded hands. Ladbrokes PLC has a one year low of GBX 128.30 and a one year high of GBX 219.00. The stock has a 50-day moving average of GBX 139.4 and a 200-day moving average of GBX 162.8. The company’s market cap is £1.306 billion.
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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