Ladbrokes PLC (LAD) Receives Average Rating of “Hold” from Analysts
Shares of Ladbrokes PLC (LON:LAD) have earned an average recommendation of “Hold” from the nineteen research firms that are currently covering the firm. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 139.64 ($1.70).
Several research firms have recently commented on LAD. Shore Capital reaffirmed a “buy” rating on shares of Ladbrokes PLC in a research report on Wednesday, August 31st. Goodbody reaffirmed a “buy” rating on shares of Ladbrokes PLC in a research report on Wednesday, August 31st. Berenberg Bank raised shares of Ladbrokes PLC to a “buy” rating and raised their target price for the stock from GBX 130 ($1.58) to GBX 185 ($2.25) in a research report on Friday, August 26th. Investec raised their target price on shares of Ladbrokes PLC from GBX 168 ($2.05) to GBX 178 ($2.17) and gave the stock a “buy” rating in a research report on Thursday, August 18th. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 165 ($2.01) price target on shares of Ladbrokes PLC in a research report on Friday, September 2nd.
In other news, insider Kelly OBE,John purchased 19,400 shares of the stock in a transaction on Wednesday, August 10th. The shares were acquired at an average price of GBX 153 ($1.86) per share, with a total value of £29,682 ($36,175.50).
Ladbrokes PLC (LON:LAD) traded up 1.81% on Tuesday, reaching GBX 140.40. 7,471,787 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is GBX 144.39 and its 200 day moving average price is GBX 132.12. The company’s market cap is GBX 1.43 billion. Ladbrokes PLC has a 52-week low of GBX 100.20 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 issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.69%. The ex-dividend date of this dividend is Thursday, September 22nd.
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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