Ladbrokes PLC Given “Sell” Rating at Goodbody Stockbrokers Ltd (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “sell” rating reiterated by equities researchers at Goodbody Stockbrokers Ltd in a research report issued on Thursday. They currently have a GBX 125 ($2.10) price objective on the stock. Goodbody Stockbrokers Ltd’s price objective would indicate a potential downside of 1.96% from the company’s current price.
Shares of Ladbrokes PLC (LON:LAD) opened at 127.70 on Thursday. Ladbrokes PLC has a 1-year low of GBX 128.00 and a 1-year high of GBX 209.50. The stock’s 50-day moving average is GBX 136.4 and its 200-day moving average is GBX 144.0. The company’s market cap is £1.163 billion.
LAD has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of Ladbrokes PLC from GBX 177 ($2.98) to GBX 165 ($2.78) in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Separately, 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 ($2.31) price target on the stock. Finally, 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 ($2.10) price target on the stock. Ten research 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. The company presently has an average rating of “Hold” and a consensus target price of GBX 192.45 ($3.24).
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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