Ladbrokes PLC’s (LAD) Hold Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reiterated their hold rating on shares of Ladbrokes PLC (LON:LAD) in a research note released on Tuesday. They currently have a GBX 140 ($1.71) price target on the casino operator’s stock.
Other research analysts also recently issued research reports about the stock. HSBC raised their price target on shares of Ladbrokes PLC from GBX 125 ($1.52) to GBX 155 ($1.89) and gave the company a hold rating in a report on Monday, September 12th. Liberum Capital restated a sell rating and set a GBX 120 ($1.46) price target on shares of Ladbrokes PLC in a report on Friday, October 7th. Canaccord Genuity restated a buy rating and set a GBX 165 ($2.01) price target on shares of Ladbrokes PLC in a report on Friday, September 2nd. Shore Capital restated a buy rating on shares of Ladbrokes PLC in a report on Wednesday, August 31st. Finally, Berenberg Bank upgraded shares of Ladbrokes PLC to a buy rating and raised their price target for the company from GBX 130 ($1.58) to GBX 185 ($2.25) in a report on Friday, August 26th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Ladbrokes PLC has a consensus rating of Hold and an average price target of GBX 139.38 ($1.70).
Ladbrokes PLC (LON:LAD) opened at 138.20 on Tuesday. The firm’s market capitalization is GBX 1.41 billion. The firm has a 50-day moving average price of GBX 144.76 and a 200 day moving average price of 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 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.
In other news, insider Kelly OBE,John purchased 19,400 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was purchased at an average price of GBX 153 ($1.86) per share, for a total transaction of £29,682 ($36,175.50).
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.
Receive News & Stock Ratings for Ladbrokes PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladbrokes PLC and related stocks with our FREE daily email newsletter.