Barclays Reaffirms “Underweight” Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “underweight” rating reiterated by research analysts at Barclays in a report released on Thursday. They currently have a GBX 137 ($2.27) price target on the stock. Barclays’ target price suggests a potential downside of 0.58% from the company’s current price.
Shares of Ladbrokes PLC (LON:LAD) opened at 136.10 on Thursday. Ladbrokes PLC has a 1-year low of GBX 125.10 and a 1-year high of GBX 204.80. The stock’s 50-day moving average is GBX 133.3 and its 200-day moving average is GBX 141.5. The company’s market cap is £1.253 billion.
The company also recently announced a dividend, which is scheduled for Thursday, November 13th. Investors 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 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 ($2.07) price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Ladbrokes PLC from GBX 125 ($2.07) to GBX 150 ($2.49) 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. 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 company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 196.78 ($3.27).
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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