Ladbrokes PLC Price Target Increased to GBX 150 by Analysts at Morgan Stanley (LAD)
Research analysts at Morgan Stanley lifted their price target on shares of Ladbrokes PLC (LON:LAD) from GBX 125 ($2.10) to GBX 150 ($2.52) in a report released on Wednesday. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 15.47% from the company’s current price.
A number of other analysts have also recently weighed in on LAD. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Wednesday. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. Ladbrokes PLC currently has an average rating of “Hold” and an average target price of GBX 196.78 ($3.30).
Shares of Ladbrokes PLC (LON:LAD) opened at 131.00 on Wednesday. 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 £1.193 billion.
The company also recently declared a dividend, which is scheduled for Thursday, November 13th. Stockholders 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.
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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