Ladbrokes Coral Group PLC (LCL) Receives Buy Rating from Canaccord Genuity
Ladbrokes Coral Group PLC (LON:LCL)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a research note issued on Friday. They presently have a GBX 165 ($2.19) price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 30.95% from the company’s current price.
Several other equities research analysts have also recently weighed in on LCL. Berenberg Bank lowered their price target on shares of Ladbrokes Coral Group PLC from GBX 160 ($2.13) to GBX 155 ($2.06) and set a “buy” rating for the company in a research report on Wednesday, October 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 210 ($2.79) price target on shares of Ladbrokes Coral Group PLC in a research report on Monday, October 2nd. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 165 ($2.19) price target on shares of Ladbrokes Coral Group PLC in a research report on Tuesday, September 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Ladbrokes Coral Group PLC in a research report on Friday, September 1st. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 ($2.66) price target on shares of Ladbrokes Coral Group PLC in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 159.80 ($2.12).
Shares of Ladbrokes Coral Group PLC (LCL) traded down 0.40% during mid-day trading on Friday, reaching GBX 126.00. 8,784,248 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 2.41 billion. The stock has a 50-day moving average price of GBX 122.74 and a 200 day moving average price of GBX 121.64. Ladbrokes Coral Group PLC has a 12-month low of GBX 110.30 and a 12-month high of GBX 141.50.
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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