Ladbrokes PLC Receives “Outperform” Rating from BNP Paribas (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “outperform” rating reaffirmed by equities research analysts at BNP Paribas in a research note issued to investors on Friday. They currently have a GBX 180 ($3.07) price objective on the stock. BNP Paribas’ price objective indicates a potential upside of 28.02% from the company’s current price.
Shares of Ladbrokes PLC (LON:LAD) opened at 141.30 on Friday. 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 144.1 and a 200-day moving average of GBX 150.9. The company’s market cap is £1.287 billion.
A number of other analysts have also recently weighed in on LAD. Analysts at Nomura reiterated a “reduce” rating on shares of Ladbrokes PLC in a research note on Wednesday. They now have a GBX 110 ($1.87) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “reduce” rating on shares of Ladbrokes PLC in a research note on Wednesday. Finally, 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. Ten investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Ladbrokes PLC has a consensus rating of “Hold” and an average price target of GBX 192.60 ($3.28).
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.