Ladbrokes PLC (LAD) Given “Neutral” Rating at Credit Suisse Group AG
Ladbrokes PLC (LON:LAD)‘s stock had its “neutral” rating reissued by research analysts at Credit Suisse Group AG in a report released on Monday. They presently have a GBX 150 ($1.83) target price on the casino operator’s stock. Credit Suisse Group AG’s price target points to a potential upside of 8.77% from the company’s current price.
Several other analysts have also recently issued reports on the stock. Investec reiterated a “buy” rating and issued a GBX 178 ($2.17) target price on shares of Ladbrokes PLC in a research note on Monday. Liberum Capital reiterated a “sell” rating and issued a GBX 120 ($1.46) target price on shares of Ladbrokes PLC in a research note on Friday, October 7th. HSBC increased their target price on shares of Ladbrokes PLC from GBX 125 ($1.52) to GBX 155 ($1.89) and gave the stock a “hold” rating in a research note on Monday, September 12th. Numis Securities Ltd reiterated a “hold” rating on shares of Ladbrokes PLC in a research note on Tuesday, September 6th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 165 ($2.01) target price on shares of Ladbrokes PLC in a research note on Friday, September 2nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 140 ($1.71).
Shares of Ladbrokes PLC (LON:LAD) traded down 0.86% during trading on Monday, hitting GBX 137.90. 6,802,580 shares of the stock were exchanged. The stock’s 50 day moving average price is GBX 144.39 and its 200 day moving average price is GBX 132.12. The firm’s market capitalization is GBX 1.40 billion. Ladbrokes PLC has a 52 week low of GBX 100.20 and a 52 week high of GBX 164.80.
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The firm also recently declared a dividend, which will be paid on Thursday, November 10th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 0.69%.
In other Ladbrokes PLC news, insider Kelly OBE,John purchased 19,400 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average cost of GBX 153 ($1.86) per share, with a total value of £29,682 ($36,175.50).
Ladbrokes PLC Company Profile
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.
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