Ladbrokes Coral Group PLC (LCL) Receives Average Recommendation of “Buy” from Brokerages
Shares of Ladbrokes Coral Group PLC (LON:LCL) have been given a consensus recommendation of “Buy” by the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 161.71 ($2.13).
Several equities research analysts recently issued reports on LCL shares. Berenberg Bank reissued a “buy” rating and set a GBX 160 ($2.10) price objective on shares of Ladbrokes Coral Group PLC in a research note on Tuesday, September 5th. Peel Hunt reissued a “buy” rating and set a GBX 200 ($2.63) price objective on shares of Ladbrokes Coral Group PLC in a research note on Thursday, July 27th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Ladbrokes Coral Group PLC in a research note on Friday, September 1st. Morgan Stanley reissued an “overweight” rating and set a GBX 210 ($2.76) price objective on shares of Ladbrokes Coral Group PLC in a research note on Tuesday, September 5th. Finally, Barclays PLC lifted their price objective on Ladbrokes Coral Group PLC from GBX 155 ($2.04) to GBX 165 ($2.17) and gave the company an “overweight” rating in a research note on Friday, July 28th.
Shares of Ladbrokes Coral Group PLC (LON:LCL) opened at 128.10 on Wednesday. The company’s market cap is GBX 2.45 billion. Ladbrokes Coral Group PLC has a 52 week low of GBX 110.30 and a 52 week high of GBX 142.90. The company has a 50 day moving average of GBX 120.44 and a 200-day moving average of GBX 121.65.
The company also recently declared a dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, September 21st will be paid a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.69%. The ex-dividend date is Thursday, September 21st.
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About Ladbrokes Coral Group PLC
Ladbrokes Coral Group plc, formerly Ladbrokes plc, is engaged in the betting and gaming industry. The Company’s segments are UK Retail, European Retail and Digital. The UK Retail segment consists of betting activities in the shop estate in Great Britain. The Company 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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