Ladbrokes PLC (LAD) Receives Consensus Rating of “Hold” from Analysts
Ladbrokes PLC (LON:LAD) has been assigned an average rating of “Hold” from the nineteen brokerages that are currently covering the company. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 140.80 ($1.76).
Several analysts recently commented on LAD shares. Shore Capital reiterated a “buy” rating on shares of Ladbrokes PLC in a report on Wednesday, August 31st. Goodbody reiterated a “buy” rating on shares of Ladbrokes PLC in a report on Wednesday, August 31st. Berenberg Bank upgraded Ladbrokes PLC to a “buy” rating and upped their target price for the company from GBX 130 ($1.62) to GBX 185 ($2.31) in a report on Friday, August 26th. Investec upped their target price on Ladbrokes PLC from GBX 168 ($2.10) to GBX 178 ($2.22) and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 165 ($2.06) target price on shares of Ladbrokes PLC in a report on Friday, September 2nd.
Shares of Ladbrokes PLC (LON:LAD) traded down 0.23% during trading on Wednesday, hitting GBX 133.29. 7,497,446 shares of the stock traded hands. The company has a 50-day moving average of GBX 132.53 and a 200-day moving average of GBX 134.72. The firm’s market cap is GBX 1.36 billion. Ladbrokes PLC has a 52 week low of GBX 105.60 and a 52 week high of GBX 164.80.
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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