Ladbrokes PLC (LAD) Earns “Hold” Rating from Peel Hunt
Ladbrokes PLC (LON:LAD)‘s stock had its “hold” rating reiterated by analysts at Peel Hunt in a research report issued on Tuesday. They currently have a GBX 137 ($1.67) price target on the casino operator’s stock. Peel Hunt’s price target suggests a potential downside of 0.65% from the stock’s previous close.
Several other equities research analysts also recently commented on the stock. Credit Suisse Group AG restated a “neutral” rating and issued a GBX 150 ($1.83) target price on shares of Ladbrokes PLC in a research note on Monday. Investec restated 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 restated 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 boosted their target price on shares of Ladbrokes PLC from GBX 125 ($1.52) to GBX 155 ($1.89) and gave the company a “hold” rating in a research note on Monday, September 12th. Finally, Numis Securities Ltd reaffirmed a “hold” rating on shares of Ladbrokes PLC in a report on Tuesday, September 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 140 ($1.71).
Ladbrokes PLC (LON:LAD) opened at 137.90 on Tuesday. The firm’s market capitalization is GBX 1.40 billion. The firm has a 50 day moving average of GBX 144.39 and a 200 day moving average of GBX 132.12. Ladbrokes PLC has a one year low of GBX 100.20 and a one year high of GBX 164.80.
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The business also recently disclosed 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. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, September 22nd.
In related news, insider Kelly OBE,John acquired 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 ($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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