Ladbrokes PLC Given Average Rating of “Hold” by Brokerages (LON:LAD)
Ladbrokes PLC (LON:LAD) has earned an average recommendation of “Hold” from the twenty-three ratings firms that are currently covering the company, American Banking News.com reports. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 193.30 ($3.32).
Ladbrokes PLC (LON:LAD) opened at 131.80 on Wednesday. Ladbrokes PLC has a one year low of GBX 128.30 and a one year high of GBX 219.318. The stock’s 50-day moving average is GBX 143.8 and its 200-day moving average is GBX 149.6. The company’s market cap is £1.200 billion.
A number of analysts have recently weighed in on LAD shares. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Thursday. They now have a GBX 150 ($2.57) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Ladbrokes PLC in a research note on Wednesday. They now have a GBX 142 ($2.44) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Ladbrokes PLC in a research note on Friday, July 4th. They now have a GBX 180 ($3.09) price target on the stock.
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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