Credit Suisse Reiterates Underperform Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “underperform” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Thursday. They currently have a GBX 125 ($2.14) price objective on the stock. Credit Suisse’s price target indicates a potential downside of 5.52% from the stock’s previous close.
A number of other firms have also recently commented on LAD. Analysts at HSBC reiterated an “underweight” rating on shares of Ladbrokes PLC in a research note on Tuesday. They now have a GBX 125 ($2.14) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Tuesday, July 15th. They now have a GBX 150 ($2.56) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Thursday, July 10th. They now have a GBX 150 ($2.56) price target on the stock. Ten investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Ladbrokes PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 193.05 ($3.30).
Ladbrokes PLC (LON:LAD) traded down 4.89% during mid-day trading on Thursday, hitting GBX 132.30. 2,999,325 shares of the company’s stock traded hands. Ladbrokes PLC has a 1-year low of GBX 128.30 and a 1-year high of GBX 219.00. The stock’s 50-day moving average is GBX 141.1 and its 200-day moving average is GBX 146.8. The company’s market cap is £1.205 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.