Ladbrokes PLC (LAD) Rating Reiterated by Liberum Capital
Ladbrokes PLC (LON:LAD)‘s stock had its “sell” rating reissued by equities researchers at Liberum Capital in a research report issued on Friday. They currently have a GBX 120 ($1.57) price objective on the casino operator’s stock. Liberum Capital’s target price would suggest a potential downside of 10.18% from the company’s current price.
LAD has been the topic of several other research reports. HSBC increased their price objective on shares of Ladbrokes PLC from GBX 125 ($1.63) to GBX 155 ($2.02) and gave the stock a “hold” rating in a research note on Monday, September 12th. Canaccord Genuity reiterated a “buy” rating and set a GBX 165 ($2.15) price objective on shares of Ladbrokes PLC in a research note on Friday, September 2nd. Shore Capital reiterated a “buy” rating on shares of Ladbrokes PLC in a research note on Wednesday, August 31st. Berenberg Bank upgraded shares of Ladbrokes PLC to a “buy” rating and increased their price objective for the stock from GBX 130 ($1.70) to GBX 185 ($2.41) in a research note on Friday, August 26th. Finally, Goodbody reiterated a “buy” rating on shares of Ladbrokes PLC in a research note on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 140 ($1.83).
Ladbrokes PLC (LON:LAD) traded down 5.78% during midday trading on Friday, hitting GBX 133.60. 8,493,802 shares of the stock were exchanged. The firm’s 50-day moving average is GBX 148.59 and its 200 day moving average is GBX 131.41. Ladbrokes PLC has a 52 week low of GBX 100.20 and a 52 week high of GBX 164.80. The stock’s market cap is GBX 1.36 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/ladbrokes-plc-lad-rating-reiterated-by-liberum-capital.html
The firm also recently declared a dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, September 22nd will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 0.69%.
In other Ladbrokes PLC news, insider Kelly OBE,John purchased 19,400 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were bought at an average price of GBX 153 ($2.00) per share, for a total transaction of £29,682 ($38,744.29).
About Ladbrokes PLC
Ladbrokes plc is engaged in the betting and gaming industry. The Company’s segments include UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. The UK Retail segment consists of betting activities in the shop estate in Great Britain. It is involved in traditional over the counter betting on football, horse and greyhound racing as well as other sports and by machines.
Receive News & Ratings for Ladbrokes PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladbrokes PLC and related companies with MarketBeat.com's FREE daily email newsletter.