Ladbrokes Coral Group (LON:LCL)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a note issued to investors on Monday. They presently have a GBX 218 ($3.01) price objective on the stock. Canaccord Genuity’s price target would indicate a potential upside of 35.15% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. Citigroup lifted their price target on shares of Ladbrokes Coral Group from GBX 165 ($2.28) to GBX 200 ($2.76) and gave the company a “buy” rating in a research note on Friday, December 8th. Barclays lifted their price target on shares of Ladbrokes Coral Group from GBX 165 ($2.28) to GBX 191 ($2.64) and gave the company an “overweight” rating in a research note on Friday, December 8th. Deutsche Bank reiterated a “buy” rating and issued a GBX 170 ($2.35) price target on shares of Ladbrokes Coral Group in a research note on Wednesday, November 1st. Peel Hunt lifted their price target on shares of Ladbrokes Coral Group from GBX 200 ($2.76) to GBX 230 ($3.18) and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, Goldman Sachs Group lowered shares of Ladbrokes Coral Group to a “neutral” rating and lifted their price target for the company from GBX 156 ($2.16) to GBX 173 ($2.39) in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 171.40 ($2.37).
Shares of Ladbrokes Coral Group (LCL) traded up GBX 0.60 ($0.01) during mid-day trading on Monday, reaching GBX 161.30 ($2.23). 10,606,358 shares of the company’s stock traded hands, compared to its average volume of 8,420,000. Ladbrokes Coral Group has a 12-month low of GBX 110.30 ($1.52) and a 12-month high of GBX 190.15 ($2.63). The firm has a market cap of $3,100.00 and a price-to-earnings ratio of -1,008.13.
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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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