Ladbrokes PLC (LAD) Receives “Hold” Rating from Peel Hunt
Peel Hunt reiterated their hold rating on shares of Ladbrokes PLC (LON:LAD) in a research report sent to investors on Tuesday morning. Peel Hunt currently has a GBX 137 ($1.67) price target on the casino operator’s stock.
Several other research analysts have also recently commented on the company. Credit Suisse Group AG reiterated a neutral rating and issued a GBX 150 ($1.83) price target on shares of Ladbrokes PLC in a research note on Monday. Investec reiterated a buy rating and issued a GBX 178 ($2.17) price target on shares of Ladbrokes PLC in a research note on Monday. Liberum Capital reiterated a sell rating and issued a GBX 120 ($1.46) price target on shares of Ladbrokes PLC in a research note on Friday, October 7th. HSBC boosted their price target on Ladbrokes PLC from GBX 125 ($1.52) to GBX 155 ($1.89) and gave the stock a hold rating in a research note on Monday, September 12th. Finally, Numis Securities Ltd reiterated a hold rating on shares of Ladbrokes PLC in a research note on Tuesday, September 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 139.38 ($1.70).
Ladbrokes PLC (LON:LAD) opened at 138.41 on Tuesday. Ladbrokes PLC has a 52 week low of GBX 100.20 and a 52 week high of GBX 164.80. The firm has a 50 day moving average price of GBX 144.76 and a 200 day moving average price of GBX 132.49. The stock’s market capitalization is GBX 1.41 billion.
The firm also recently announced a dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, September 22nd will be issued a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 0.69%.
In other Ladbrokes PLC news, insider Kelly OBE,John bought 19,400 shares of Ladbrokes PLC stock in a transaction dated Wednesday, August 10th. The stock was bought at an average price of GBX 153 ($1.86) per share, for a total transaction 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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