Investec Reiterates “Buy” Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “buy” rating reiterated by equities research analysts at Investec in a report released on Monday. They presently have a GBX 178 ($2.20) target price on the casino operator’s stock. Investec’s price target indicates a potential upside of 27.97% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on LAD. Goodbody restated a “buy” rating on shares of Ladbrokes PLC in a report on Thursday, August 4th. Deutsche Bank AG restated a “hold” rating and set a GBX 136 ($1.68) target price on shares of Ladbrokes PLC in a report on Friday, August 5th. Shore Capital restated a “buy” rating on shares of Ladbrokes PLC in a report on Wednesday, August 31st. Davy Research restated a “neutral” rating on shares of Ladbrokes PLC in a report on Thursday, August 4th. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 111 ($1.37) price target on shares of Ladbrokes PLC in a research report on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 140 ($1.73).
Ladbrokes PLC (LON:LAD) opened at 137.70 on Monday. Ladbrokes PLC has a one year low of GBX 100.20 and a one year high of GBX 164.80. The firm’s market cap is GBX 1.40 billion. The stock’s 50 day moving average is GBX 145.86 and its 200 day moving average is GBX 131.99.
The company also recently declared a dividend, which will be paid on Thursday, November 10th. Investors of record on Thursday, September 22nd will be paid 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 that occurred on Wednesday, August 10th. The stock was acquired at an average cost of GBX 153 ($1.89) per share, for a total transaction of £29,682 ($36,735.15).
About Ladbrokes PLC
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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