Investec Reiterates “Buy” Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “buy” rating restated by research analysts at Investec in a research note issued to investors on Thursday. They currently have a GBX 178 ($2.32) price objective on the casino operator’s stock. Investec’s target price would suggest a potential upside of 25.53% from the stock’s previous close.
Several other research analysts also recently commented on the stock. HSBC lifted their target price on shares of Ladbrokes PLC from GBX 125 ($1.63) to GBX 155 ($2.02) and gave the stock a “hold” rating in a report on Monday, September 12th. Numis Securities Ltd reiterated a “hold” rating on shares of Ladbrokes PLC in a report on Tuesday, September 6th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 165 ($2.15) target price on shares of Ladbrokes PLC in a report on Friday, September 2nd. Goodbody reiterated a “buy” rating on shares of Ladbrokes PLC in a report on Wednesday, August 31st. Finally, Shore Capital reiterated a “buy” rating on shares of Ladbrokes PLC in a report on Wednesday, August 31st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 139.44 ($1.82).
Ladbrokes PLC (LON:LAD) opened at 138.80 on Thursday. The stock’s market capitalization is GBX 1.41 billion. The firm has a 50-day moving average of GBX 151.18 and a 200-day moving average of GBX 130.53. Ladbrokes PLC has a 52-week low of GBX 92.85 and a 52-week high of GBX 164.80.
The company also recently declared a dividend, which will be paid on Thursday, November 10th. Shareholders of record on Thursday, September 22nd will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, September 22nd. This represents a yield of 0.69%.
In other news, insider Kelly OBE,John purchased 19,400 shares of Ladbrokes PLC stock in a transaction on Wednesday, August 10th. The shares were purchased at an average cost of GBX 153 ($2.00) per share, for a total transaction of £29,682 ($38,744.29).
Ladbrokes PLC Company Profile
Ladbrokes plc is engaged in the betting and gaming industry. The Company’s segments include UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. The UK Retail segment consists of betting activities in the shop estate in Great Britain. It 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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