Ladbrokes PLC’s Hold Rating Reaffirmed at Beaufort Securities (LAD)
Ladbrokes PLC (LON:LAD) opened at 131.00 on Wednesday. Ladbrokes PLC has a 1-year low of GBX 125.10 and a 1-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 £1.193 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.
A number of other firms have also 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. Separately, 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 research analysts have rated the stock with a sell rating, thirteen have assigned 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.
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