Ladbrokes PLC Given “Buy” Rating at Deutsche Bank (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Tuesday. They currently have a GBX 165 ($2.77) price objective on the stock. Deutsche Bank’s price target indicates a potential upside of 26.44% from the company’s current price.
Shares of Ladbrokes PLC (LON:LAD) traded down 0.46% on Tuesday, hitting GBX 129.90. 11,189,852 shares of the company’s stock traded hands. Ladbrokes PLC has a 52 week low of GBX 125.10 and a 52 week high of GBX 204.80. The stock has a 50-day moving average of GBX 135.0 and a 200-day moving average of GBX 143.2. The company’s market cap is £1.183 billion.
The company also recently declared a dividend, which is scheduled for Thursday, November 13th. Shareholders of record on Wednesday, September 24th will be given a dividend of GBX 4.30 ($0.07) per share. This represents a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, September 24th.
LAD has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Tuesday. They now have a GBX 150 ($2.52) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Tuesday. They now have a GBX 135 ($2.26) price target on the stock. Finally, analysts at Nomura reiterated a “reduce” rating on shares of Ladbrokes PLC in a research note on Monday. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price 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.
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