Ladbrokes PLC Given Hold Rating at Panmure Gordon (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “hold” rating restated by equities researchers at Panmure Gordon in a research report issued on Tuesday. They currently have a GBX 135 ($2.26) target price on the stock. Panmure Gordon’s price objective indicates a potential upside of 3.45% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “reduce” rating on shares of Ladbrokes PLC in a research note on Monday. Separately, 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. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “sell” rating on shares of Ladbrokes PLC in a research note on Thursday, August 7th. They now have a GBX 125 ($2.10) price target on the stock. Nine 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. Ladbrokes PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 196.78 ($3.30).
Ladbrokes PLC (LON:LAD) traded down 0.46% on Tuesday, hitting GBX 129.90. The stock had a trading volume of 11,189,852 shares. Ladbrokes PLC has a one year low of GBX 125.10 and a one year 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 announced a dividend, which is scheduled for Thursday, November 13th. Stockholders of record on Wednesday, September 24th will be paid a dividend of GBX 4.30 ($0.07) per share. This represents a dividend yield of 3.31%. The ex-dividend date is Wednesday, September 24th.
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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