Ladbrokes Coral Group (LCL) Downgraded to Neutral at Goldman Sachs Group
Ladbrokes Coral Group (LON:LCL) was downgraded by investment analysts at Goldman Sachs Group to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a GBX 173 ($2.33) price objective on the stock, up from their prior price objective of GBX 156 ($2.10). Goldman Sachs Group’s price target would suggest a potential upside of 1.16% from the stock’s previous close.
A number of other brokerages have also commented on LCL. Barclays increased their price objective on Ladbrokes Coral Group from GBX 165 ($2.22) to GBX 191 ($2.57) and gave the company an “overweight” rating in a research report on Friday, December 8th. Citigroup increased their price target on Ladbrokes Coral Group from GBX 165 ($2.22) to GBX 200 ($2.69) and gave the company a “buy” rating in a research note on Friday, December 8th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 133 ($1.79) price target on shares of Ladbrokes Coral Group in a research note on Monday, December 11th. Peel Hunt increased their price target on Ladbrokes Coral Group from GBX 200 ($2.69) to GBX 230 ($3.10) and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, Shore Capital reissued a “buy” rating on shares of Ladbrokes Coral Group in a research note on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 162.29 ($2.18).
Shares of Ladbrokes Coral Group (LON LCL) traded up GBX 0.22 ($0.00) on Wednesday, reaching GBX 171.02 ($2.30). The company’s stock had a trading volume of 12,820,000 shares, compared to its average volume of 12,920,000. 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).
WARNING: “Ladbrokes Coral Group (LCL) Downgraded to Neutral at Goldman Sachs Group” was posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/12/17/ladbrokes-coral-group-lcl-downgraded-to-neutral-at-goldman-sachs-group.html.
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.
Receive News & Ratings for Ladbrokes Coral Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladbrokes Coral Group and related companies with MarketBeat.com's FREE daily email newsletter.