Ladbrokes PLC PT Lowered to GBX 165 (LAD)
Equities research analysts at Deutsche Bank lowered their price target on shares of Ladbrokes PLC (LON:LAD) from GBX 177 ($3.01) to GBX 165 ($2.80) in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 26.15% from the stock’s previous close.
Shares of Ladbrokes PLC (LON:LAD) traded down 0.30% during mid-day trading on Tuesday, hitting GBX 130.80. The stock had a trading volume of 1,402,600 shares. 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 139.6 and its 200-day moving average is GBX 145.7. The company’s market cap is £1.191 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “underweight” rating on shares of Ladbrokes PLC in a research note on Thursday, July 24th. They now have a GBX 137 ($2.33) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Ladbrokes PLC in a research note on Thursday, July 24th. They now have a GBX 125 ($2.12) price target on the stock. Finally, analysts at HSBC reiterated an “underweight” rating on shares of Ladbrokes PLC in a research note on Tuesday, July 22nd. They now have a GBX 125 ($2.12) 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 given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 192.45 ($3.27).
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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