Morgan Stanley Reaffirms “Overweight” Rating for Ladbrokes Coral Group PLC (LAD)
Ladbrokes Coral Group PLC (LON:LAD)‘s stock had its “overweight” rating restated by equities research analysts at Morgan Stanley in a research report issued on Monday. They presently have a GBX 210 ($2.82) price objective on the casino operator’s stock. Morgan Stanley’s target price suggests a potential upside of 57.55% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Barclays PLC reissued an “overweight” rating and set a GBX 165 ($2.22) price objective on shares of Ladbrokes Coral Group PLC in a report on Tuesday, September 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Ladbrokes Coral Group PLC in a report on Friday, September 1st. Shore Capital reaffirmed a “buy” rating on shares of Ladbrokes Coral Group PLC in a report on Thursday, August 31st. Peel Hunt reiterated a “buy” rating and issued a GBX 200 ($2.69) target price on shares of Ladbrokes Coral Group PLC in a research report on Thursday, August 31st. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 138 ($1.86) target price on shares of Ladbrokes Coral Group PLC in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Ladbrokes Coral Group PLC has an average rating of “Buy” and a consensus price target of GBX 156.47 ($2.10).
Shares of Ladbrokes Coral Group PLC (LON LAD) traded down 0.23% during mid-day trading on Monday, reaching GBX 133.29. The company’s stock had a trading volume of 7,497,446 shares. The company has a 50-day moving average of GBX 127.37 and a 200-day moving average of GBX 127.04. Ladbrokes Coral Group PLC has a 12 month low of GBX 105.60 and a 12 month high of GBX 164.80.
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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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