Ladbrokes PLC (LAD) Rating Reiterated by Investec
Ladbrokes PLC (LON:LAD)‘s stock had its “buy” rating reaffirmed by investment analysts at Investec in a research report issued to clients and investors on Monday. They presently have a GBX 178 ($2.17) target price on the casino operator’s stock. Investec’s price objective points to a potential upside of 29.08% from the stock’s current price.
Several other research analysts also recently weighed in on LAD. Goodbody reiterated a “buy” rating on shares of Ladbrokes PLC in a research report on Thursday, August 4th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 136 ($1.66) price target on shares of Ladbrokes PLC in a research report on Friday, August 5th. Shore Capital reiterated a “buy” rating on shares of Ladbrokes PLC in a research report on Wednesday, August 31st. Davy Research reiterated a “neutral” rating on shares of Ladbrokes PLC in a research report on Thursday, August 4th. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 111 ($1.35) price objective on shares of Ladbrokes PLC in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 140 ($1.71).
Ladbrokes PLC (LON:LAD) traded down 0.86% during mid-day trading on Monday, reaching GBX 137.90. 6,802,580 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 1.40 billion. The stock has a 50-day moving average price of GBX 144.39 and a 200-day moving average price of GBX 132.12. Ladbrokes PLC has a 12-month low of GBX 100.20 and a 12-month high of GBX 164.80.
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The business also recently disclosed a dividend, which will be paid on Thursday, November 10th. Investors of record on Thursday, September 22nd will be issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, September 22nd. This represents a yield of 0.69%.
In related news, insider Kelly OBE,John acquired 19,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average price of GBX 153 ($1.86) per share, for a total transaction 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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