Ladbrokes PLC Price Target Raised to GBX 120 at Goldman Sachs (LAD)
Goldman Sachs increased their price objective on shares of Ladbrokes PLC (LON:LAD) from GBX 112 ($1.89) to GBX 120 ($2.02) in a research note issued on Friday, Stock Ratings Network reports. The firm currently has a “sell” rating on the stock. Goldman Sachs’ price objective suggests a potential downside of 10.98% from the company’s current price.
Shares of Ladbrokes PLC (LON:LAD) traded down 2.60% on Friday, hitting GBX 134.80. 5,894,288 shares of the company’s stock traded hands. Ladbrokes PLC has a 52-week low of GBX 128.30 and a 52-week high of GBX 219.00. The stock’s 50-day moving average is GBX 139.7 and its 200-day moving average is GBX 159.5. The company’s market cap is £1.227 billion.
A number of other firms have also recently commented on LAD. Analysts at Goodbody Stockbrokers Ltd reiterated a “sell” rating on shares of Ladbrokes PLC in a research note on Thursday, May 8th. They now have a GBX 125 ($2.11) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Ladbrokes PLC from GBX 170 ($2.86) to GBX 150 ($2.53) in a research note on Friday, May 2nd. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Ladbrokes PLC in a research note on Thursday, May 1st. They now have a GBX 125 ($2.11) price target on the stock. Nine investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 144.84 ($2.44).
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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