Ladbrokes PLC Given Average Rating of “Hold” by Analysts (LON:LAD)
Shares of Ladbrokes PLC (LON:LAD) have been given an average recommendation of “Hold” by the twenty-four brokerages that are covering the company, American Banking & Market News reports. Nine research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 196.78 ($3.29).
A number of research firms have recently commented on LAD. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Ladbrokes PLC in a research note on Thursday, August 14th. They now have a GBX 125 ($2.09) price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Ladbrokes PLC from GBX 125 ($2.09) to GBX 150 ($2.51) in a research note on Wednesday, August 13th. They now have an “equal weight” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Wednesday, August 13th.
Ladbrokes PLC (LON:LAD) traded down 0.95% on Wednesday, hitting GBX 135.50. The stock had a trading volume of 1,343,187 shares. 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 134.1 and its 200-day moving average is GBX 142.7. The company’s market cap is £1.247 billion.
The company also recently declared a dividend, which is scheduled for Thursday, November 13th. Investors 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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