Zacks Investment Research Downgrades Ladbrokes PLC (LDBKY) to Hold
Ladbrokes PLC (NASDAQ:LDBKY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Hilton Group is a global company operating in the hospitality and betting markets with the leading brand names of Hilton and Ladbroke. The group intends to enhance shareholder value by maximising its prime position in these international markets both of which are expected to experience significant long-term growth. They have two operating divisions-Hilton International which owns the rights to the Hilton name outside the USA and Ladbrokes Betting and Gaming which is one of the world’s largest commercial off-track betting and gaming organisations. “
A number of other equities research analysts have also weighed in on the stock. Berenberg Bank upgraded shares of Ladbrokes PLC from a “hold” rating to a “buy” rating in a report on Friday, August 26th. Citigroup Inc. upgraded shares of Ladbrokes PLC from a “neutral” rating to a “buy” rating in a report on Friday, August 12th. Goodbody restated a “buy” rating on shares of Ladbrokes PLC in a report on Wednesday, August 31st. Finally, Davy Research restated a “neutral” rating on shares of Ladbrokes PLC in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ladbrokes PLC presently has an average rating of “Buy” and an average target price of $2.25.
Ladbrokes PLC (NASDAQ:LDBKY) opened at 1.75 on Wednesday. Ladbrokes PLC has a 1-year low of $1.45 and a 1-year high of $2.11. The company has a 50-day moving average of $1.89 and a 200-day moving average of $1.74. The company has a market capitalization of $1.78 billion and a P/E ratio of 20.59.
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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