Ladbrokes PLC (LAD) Receives Average Rating of “Hold” from Analysts
Shares of Ladbrokes PLC (LON:LAD) have been given an average rating of “Hold” by the nineteen analysts that are covering the firm. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 139.64 ($1.70).
Several equities analysts have weighed in on LAD shares. Liberum Capital reaffirmed a “sell” rating and issued a GBX 111 ($1.35) target price on shares of Ladbrokes PLC in a research report on Tuesday, July 5th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 145 ($1.77) target price on shares of Ladbrokes PLC in a research report on Friday, July 15th. Berenberg Bank started coverage on Ladbrokes PLC in a research report on Friday, July 22nd. They issued a “hold” rating and a GBX 130 ($1.58) target price for the company. Investec reaffirmed a “buy” rating and issued a GBX 168 ($2.05) target price on shares of Ladbrokes PLC in a research report on Friday, July 22nd. Finally, Goodbody reaffirmed a “buy” rating on shares of Ladbrokes PLC in a research report on Tuesday, July 26th.
In related news, insider Kelly OBE,John acquired 19,400 shares of Ladbrokes PLC stock in a transaction dated Wednesday, August 10th. The shares were acquired at an average cost of GBX 153 ($1.86) per share, for a total transaction of £29,682 ($36,175.50).
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Ladbrokes PLC (LON:LAD) traded up 1.81% during mid-day trading on Tuesday, hitting GBX 140.40. 7,471,787 shares of the company’s stock traded hands. Ladbrokes PLC has a one year low of GBX 100.20 and a one year high of GBX 164.80. The firm’s 50-day moving average price is GBX 144.39 and its 200-day moving average price is GBX 132.12. The stock’s market cap is GBX 1.43 billion.
The company also recently announced a dividend, which will be paid on Thursday, November 10th. Shareholders of record on Thursday, September 22nd will be issued a GBX 1 ($0.01) dividend. This represents a yield of 0.69%. The ex-dividend date is Thursday, September 22nd.
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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