Ladbrokes Coral Group PLC (LON:LAD) Given Average Rating of “Buy” by Analysts
Ladbrokes Coral Group PLC (LON:LAD) has earned a consensus recommendation of “Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 157.07 ($2.07).
LAD has been the topic of a number of research analyst reports. Barclays PLC reiterated an “overweight” rating and issued a GBX 160 ($2.11) price target on shares of Ladbrokes Coral Group PLC in a report on Friday, April 7th. Davy Research upgraded shares of Ladbrokes Coral Group PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 18th. J P Morgan Chase & Co initiated coverage on shares of Ladbrokes Coral Group PLC in a report on Wednesday, June 21st. They issued an “overweight” rating and a GBX 133 ($1.75) price target on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 160 ($2.11) price target on shares of Ladbrokes Coral Group PLC in a report on Monday, May 8th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 200 ($2.64) price target on shares of Ladbrokes Coral Group PLC in a report on Thursday, May 4th.
Ladbrokes Coral Group PLC (LON LAD) opened at 133.29 on Friday. The firm’s 50-day moving average price is GBX 127.37 and its 200-day moving average price is GBX 127.04. Ladbrokes Coral Group PLC has a 1-year low of GBX 105.60 and a 1-year high of GBX 164.80.
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Ladbrokes Coral Group PLC Company Profile
Ladbrokes Coral Group plc, formerly Ladbrokes plc, is engaged in the betting and gaming industry. The Company’s segments are UK Retail, European Retail and Digital. The UK Retail segment consists of betting activities in the shop estate in Great Britain. The Company 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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