Numis Securities Ltd Reiterates Hold Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “hold” rating reiterated by equities research analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 140 ($1.71) price objective on the casino operator’s stock. Numis Securities Ltd’s price objective would indicate a potential upside of 1.52% from the company’s current price.
Several other analysts have also recently commented on LAD. Goodbody restated a “buy” rating on shares of Ladbrokes PLC in a research note on Thursday, August 4th. Peel Hunt restated a “hold” rating and issued a GBX 137 ($1.67) target price on shares of Ladbrokes PLC in a research note on Tuesday. Deutsche Bank AG restated a “hold” rating and issued a GBX 136 ($1.66) target price on shares of Ladbrokes PLC in a research note on Friday, August 5th. Shore Capital restated a “buy” rating on shares of Ladbrokes PLC in a research note on Wednesday, August 31st. Finally, Davy Research restated a “neutral” rating 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, ten have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 139.38 ($1.70).
Shares of Ladbrokes PLC (LON:LAD) traded up 1.45% during mid-day trading on Tuesday, reaching GBX 139.90. 4,941,839 shares of the company traded hands. The company’s market capitalization is GBX 1.42 billion. Ladbrokes PLC has a 52 week low of GBX 100.20 and a 52 week high of GBX 164.80. The stock’s 50-day moving average is GBX 144.39 and its 200-day moving average is GBX 132.12.
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The firm also recently disclosed a dividend, which will be paid on Thursday, November 10th. Shareholders of record on Thursday, September 22nd will be paid 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 acquired 19,400 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was bought at an average cost 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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