Ladbrokes Coral Group PLC (LCL) Receives Consensus Rating of “Buy” from Brokerages

Ladbrokes Coral Group PLC (LON:LCL) has been assigned an average rating of “Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 165.57 ($2.25).

Several brokerages have recently commented on LCL. Morgan Stanley downgraded Ladbrokes Coral Group to an “equal weight” rating and boosted their price objective for the company from GBX 198 ($2.69) to GBX 200 ($2.71) in a research report on Monday, January 8th. Shore Capital reiterated a “buy” rating on shares of Ladbrokes Coral Group in a research report on Thursday, January 11th. Citigroup reiterated a “buy” rating on shares of Ladbrokes Coral Group in a research report on Friday, January 12th. JPMorgan Chase & Co. downgraded Ladbrokes Coral Group to a “neutral” rating and boosted their target price for the stock from GBX 133 ($1.80) to GBX 195 ($2.64) in a research report on Friday, January 12th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 191 ($2.59) target price on shares of Ladbrokes Coral Group in a research report on Thursday, January 4th.

Ladbrokes Coral Group (LON:LCL) opened at GBX 170.80 ($2.32) on Friday. Ladbrokes Coral Group has a 52-week low of GBX 110.30 ($1.50) and a 52-week high of GBX 190.15 ($2.58). The company has a market capitalization of $3,250.00 and a PE ratio of -1,067.50.

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About Ladbrokes Coral Group

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.

Analyst Recommendations for Ladbrokes Coral Group (LON:LCL)

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