Shore Capital Reiterates “Buy” Rating for Ladbrokes Coral Group (LCL)
Ladbrokes Coral Group (LON:LCL)‘s stock had its “buy” rating reaffirmed by Shore Capital in a research note issued to investors on Thursday.
A number of other brokerages have also commented on LCL. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 160 ($2.15) price objective on shares of Ladbrokes Coral Group in a report on Tuesday, September 5th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Ladbrokes Coral Group in a report on Friday, September 1st. Morgan Stanley reissued an “overweight” rating and set a GBX 210 ($2.83) target price on shares of Ladbrokes Coral Group in a report on Monday, October 2nd. Peel Hunt reissued a “buy” rating and set a GBX 200 ($2.69) target price on shares of Ladbrokes Coral Group in a report on Thursday, August 31st. Finally, Investec reissued a “buy” rating and set a GBX 160 ($2.15) target price on shares of Ladbrokes Coral Group in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and sixteen have assigned a buy rating to the stock. Ladbrokes Coral Group has a consensus rating of “Buy” and a consensus target price of GBX 162.53 ($2.19).
Shares of Ladbrokes Coral Group (LON LCL) traded up GBX 2.50 ($0.03) during midday trading on Thursday, reaching GBX 177.60 ($2.39). The company’s stock had a trading volume of 37,746,276 shares, compared to its average volume of 11,080,000. Ladbrokes Coral Group has a 52-week low of GBX 110.30 ($1.48) and a 52-week high of GBX 182.90 ($2.46).
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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