Ladbrokes Coral Group (LON:LCL)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 230 ($3.12) target price on the stock. Peel Hunt’s price target would suggest a potential upside of 37.56% from the company’s current price.
A number of other brokerages also recently weighed in on LCL. Morgan Stanley downgraded Ladbrokes Coral Group to an “equal weight” rating and lifted their price target for the company from GBX 198 ($2.69) to GBX 200 ($2.71) in a report on Monday, January 8th. Shore Capital reiterated a “buy” rating on shares of Ladbrokes Coral Group in a report on Thursday, January 11th. Citigroup reiterated a “buy” rating on shares of Ladbrokes Coral Group in a report on Friday, January 12th. JPMorgan Chase & Co. cut Ladbrokes Coral Group to a “neutral” rating and lifted their price objective for the company from GBX 133 ($1.80) to GBX 195 ($2.64) in a research report on Friday, January 12th. Finally, Barclays reissued an “overweight” rating and set a GBX 191 ($2.59) price objective on shares of Ladbrokes Coral Group in a research report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. Ladbrokes Coral Group has a consensus rating of “Buy” and an average target price of GBX 167.38 ($2.27).
Ladbrokes Coral Group (LCL) opened at GBX 167.20 ($2.27) on Monday. Ladbrokes Coral Group has a twelve month low of GBX 110.30 ($1.50) and a twelve month high of GBX 190.15 ($2.58). The firm has a market capitalization of $3,160.00 and a price-to-earnings ratio of -1,045.00.
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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