Ladbrokes Coral Group PLC (LDCOY) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Ladbrokes Coral Group PLC (NASDAQ:LDCOY) from a hold rating to a buy rating in a report released on Wednesday. The brokerage currently has $1.75 price target on the stock.
According to Zacks, “Hilton Group is a global company operating in the hospitality and betting markets with the leading brand names of Hilton and Ladbroke. The group intends to enhance shareholder value by maximising its prime position in these international markets both of which are expected to experience significant long-term growth. They have two operating divisions-Hilton International which owns the rights to the Hilton name outside the USA and Ladbrokes Betting and Gaming which is one of the world’s largest commercial off-track betting and gaming organisations. “
A number of other research firms have also commented on LDCOY. J P Morgan Chase & Co started coverage on Ladbrokes Coral Group PLC in a report on Wednesday, June 21st. They issued an overweight rating for the company. Bank of America Corporation reissued a buy rating on shares of Ladbrokes Coral Group PLC in a report on Tuesday, July 25th.
Shares of Ladbrokes Coral Group PLC (LDCOY) opened at 1.58 on Wednesday. Ladbrokes Coral Group PLC has a 1-year low of $1.39 and a 1-year high of $2.11. The company has a 50-day moving average price of $1.55 and a 200-day moving average price of $1.55. The company’s market cap is $3.02 billion.
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About Ladbrokes Coral Group PLC
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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