Credit Suisse Group AG Reiterates “Neutral” Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research report issued to clients and investors on Monday. They presently have a GBX 150 ($1.83) price target on the casino operator’s stock. Credit Suisse Group AG’s target price suggests a potential upside of 6.84% from the stock’s current price.
Several other analysts have also weighed in on LAD. Goodbody reaffirmed a “buy” rating on shares of Ladbrokes PLC in a research note on Thursday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 136 ($1.66) price objective on shares of Ladbrokes PLC in a research note on Friday, August 5th. Shore Capital reaffirmed a “buy” rating on shares of Ladbrokes PLC in a research note on Wednesday, August 31st. Davy Research reaffirmed a “neutral” rating on shares of Ladbrokes PLC in a research note on Thursday, August 4th. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 111 ($1.35) price objective on shares of Ladbrokes PLC in a research note on Thursday, August 4th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 139.38 ($1.70).
Ladbrokes PLC (LON:LAD) opened at 138.50 on Monday. The firm’s market cap is GBX 1.41 billion. The firm’s 50-day moving average price is GBX 144.76 and its 200 day moving average price is GBX 132.49. Ladbrokes PLC has a one year low of GBX 100.20 and a one year high of GBX 164.80.
The firm also recently announced a dividend, which will be paid on Thursday, November 10th. Investors of record on Thursday, September 22nd will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 0.69%.
In other Ladbrokes PLC news, insider Kelly OBE,John bought 19,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was acquired at an average price of GBX 153 ($1.86) per share, with a total value of £29,682 ($36,175.50).
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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