Ladbrokes PLC’s (LAD) “Sell” Rating Reaffirmed at Liberum Capital
Liberum Capital reiterated their sell rating on shares of Ladbrokes PLC (LON:LAD) in a research report report published on Friday morning. They currently have a GBX 120 ($1.57) price objective on the casino operator’s stock.
A number of other equities research analysts have also issued reports on the company. Investec reiterated a buy rating and issued a GBX 178 ($2.32) target price on shares of Ladbrokes PLC in a research note on Thursday, September 29th. HSBC increased their target price on Ladbrokes PLC from GBX 125 ($1.63) to GBX 155 ($2.02) and gave the company a hold rating in a research note on Monday, September 12th. Numis Securities Ltd reiterated a hold rating on shares of Ladbrokes PLC in a research note 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 research note on Friday, September 2nd. Finally, Goodbody reiterated a buy rating on shares of Ladbrokes PLC in a research note on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 140 ($1.83).
Ladbrokes PLC (LON:LAD) traded up 2.92% on Friday, hitting GBX 137.50. The stock had a trading volume of 7,158,994 shares. Ladbrokes PLC has a 12-month low of GBX 100.20 and a 12-month high of GBX 164.80. The company’s 50 day moving average price is GBX 148.59 and its 200-day moving average price is GBX 131.41. The company’s market cap is GBX 1.40 billion.
The firm also recently disclosed a dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, September 22nd will be paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 0.69%.
In other news, insider Kelly OBE,John purchased 19,400 shares of the stock in a transaction that occurred 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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