Ladbrokes PLC Plans Dividend of GBX 4.30 (LAD)
Ladbrokes PLC (LON:LAD) declared a dividend on Tuesday, August 12th, American Banking News.com reports. Stockholders of record on Wednesday, September 24th will be given a dividend of GBX 4.30 ($0.07) per share on Thursday, November 13th. This represents a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, September 24th. The official announcement can be seen at this link.
A number of research firms have recently commented on LAD. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ladbrokes PLC in a research note on Tuesday. They now have a GBX 165 ($2.77) price target on the stock. On the ratings front, 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. Finally, 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. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 196.78 ($3.30).
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 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.
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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