Ladbrokes PLC Lowered to “Neutral” at Goldman Sachs (LAD)
Ladbrokes PLC (LON:LAD) was downgraded by stock analysts at Goldman Sachs to a “neutral” rating in a report issued on Monday. They currently have a GBX 1,120 ($18.84) price target on the stock, down from their previous price target of GBX 1,158 ($19.48).
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 Thursday, May 8th. They now have a GBX 125 ($2.10) 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 ($2.52) 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 ($2.10) price target on the stock. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 197.47 ($3.32).
Shares of Ladbrokes PLC (LON:LAD) opened at 132.70 on Monday. Ladbrokes PLC has a 1-year low of GBX 128.30 and a 1-year high of GBX 219.00. The stock has a 50-day moving average of GBX 139.7 and a 200-day moving average of GBX 159.5. The company’s market cap is £1.208 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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