Credit Suisse Group AG Reaffirms “Neutral” Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “neutral” rating restated by research analysts at Credit Suisse Group AG in a research report issued on Monday. They currently have a GBX 150 ($1.86) target price on the casino operator’s stock. Credit Suisse Group AG’s price target would indicate a potential upside of 9.65% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity reiterated a “buy” rating and issued a GBX 145 ($1.79) target price on shares of Ladbrokes PLC in a report on Friday, July 15th. Goodbody reiterated a “buy” rating on shares of Ladbrokes PLC in a report on Thursday, August 4th. Peel Hunt reiterated a “buy” rating and issued a GBX 137 ($1.70) target price on shares of Ladbrokes PLC in a report on Tuesday, July 26th. Investec reissued a “buy” rating and issued a GBX 168 ($2.08) price target on shares of Ladbrokes PLC in a research report on Friday, July 22nd. Finally, Berenberg Bank raised Ladbrokes PLC to a “buy” rating and increased their price target for the company from GBX 130 ($1.61) to GBX 185 ($2.29) in a research report on Friday, August 26th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 140 ($1.73).
Shares of Ladbrokes PLC (LON:LAD) opened at 136.70 on Monday. The company’s market cap is GBX 1.39 billion. Ladbrokes PLC has a 12 month low of GBX 100.20 and a 12 month high of GBX 164.80. The stock has a 50 day moving average of GBX 145.86 and a 200-day moving average of GBX 131.99.
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 http://www.americanbankingnews.com/2016/10/17/ladbrokes-plc-lad-given-neutral-rating-at-credit-suisse-group-ag.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 given 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 stock was purchased at an average price of GBX 153 ($1.89) per share, for a total transaction of £29,682 ($36,735.15).
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.