Ladbrokes PLC Receives “Underperform” Rating from Credit Suisse (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “underperform” rating restated by equities researchers at Credit Suisse in a research report issued on Thursday. They currently have a GBX 125 ($2.10) price objective on the stock. Credit Suisse’s target price indicates a potential downside of 3.77% from the stock’s previous close.
Ladbrokes PLC (LON:LAD) opened at 133.2133 on Thursday. Ladbrokes PLC has a 52 week low of GBX 125.10 and a 52 week high of GBX 204.80. The stock’s 50-day moving average is GBX 134.7 and its 200-day moving average is GBX 143.1. The company’s market cap is £1.213 billion.
The company also recently announced a dividend, which is scheduled for Thursday, November 13th. Shareholders 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of Ladbrokes PLC from GBX 125 ($2.10) to GBX 150 ($2.52) in a research note on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Wednesday. Finally, 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. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. Ladbrokes PLC currently has a consensus 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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