Nomura Reiterates “Reduce” Rating for Ladbrokes PLC (LAD)
Shares of Ladbrokes PLC (LON:LAD) traded up 2.51% during mid-day trading on Monday, hitting GBX 130.50. 4,194,516 shares of the company’s stock traded hands. Ladbrokes PLC has a 52 week low of GBX 125.90 and a 52 week high of GBX 204.80. The stock has a 50-day moving average of GBX 135.1 and a 200-day moving average of GBX 143.4. The company’s market cap is £1.188 billion.
LAD has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Ladbrokes PLC in a research note on Monday. They now have a GBX 180 ($3.02) price target on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “sell” rating on shares of Ladbrokes PLC in a research note on Thursday. They now have a GBX 125 ($2.10) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Ladbrokes PLC from GBX 177 ($2.97) to GBX 165 ($2.77) in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Ten equities 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 company’s stock. Ladbrokes PLC has an average rating of “Hold” and a consensus price target of GBX 196.78 ($3.30).
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.