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Ladbrokes PLC (LON:LAD)‘s stock had its “reduce” rating reaffirmed by Nomura in a research note issued on Wednesday. They currently have a GBX 110 ($1.87) price target on the stock. Nomura’s target price would suggest a potential downside of 20.86% from the company’s current price.

Ladbrokes PLC (LON:LAD) opened at 139.10 on Wednesday. Ladbrokes PLC has a one year low of GBX 128.30 and a one year high of GBX 219.00. The stock’s 50-day moving average is GBX 144.4 and its 200-day moving average is GBX 151.0. The company’s market cap is £1.267 billion.

A number of other analysts have also recently weighed in on LAD. Analysts at Oriel Securities Ltd reiterated a “reduce” rating on shares of Ladbrokes PLC in a research note on Wednesday. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Ladbrokes PLC in a research note on Tuesday, June 24th. They now have a GBX 125 ($2.13) price target on the stock. Finally, analysts at HSBC downgraded shares of Ladbrokes PLC to an “underweight” rating in a research note on Tuesday, May 20th. They now have a GBX 125 ($2.13) price target on the stock. Ten 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 company. Ladbrokes PLC currently has a consensus rating of “Hold” and an average price target of GBX 193.85 ($3.30).

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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