Ladbrokes Coral Group PLC (LAD) Price Target Cut to GBX 155
Ladbrokes Coral Group PLC (LON:LAD) had its price target cut by equities researchers at Berenberg Bank from GBX 160 ($2.12) to GBX 155 ($2.06) in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the casino operator’s stock. Berenberg Bank’s target price suggests a potential upside of 16.29% from the company’s previous close.
A number of other research analysts also recently weighed in on LAD. Barclays PLC reiterated an “overweight” rating and set a GBX 165 ($2.19) target price on shares of Ladbrokes Coral Group PLC in a report on Tuesday, September 5th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 138 ($1.83) target price on shares of Ladbrokes Coral Group PLC in a research report on Thursday, August 31st. Shore Capital restated a “buy” rating on shares of Ladbrokes Coral Group PLC in a research note on Thursday, July 27th. Peel Hunt restated a “buy” rating and issued a GBX 200 ($2.65) target price on shares of Ladbrokes Coral Group PLC in a research note on Thursday, July 27th. Finally, Morgan Stanley restated an “overweight” rating and set a GBX 210 ($2.79) price target on shares of Ladbrokes Coral Group PLC in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. Ladbrokes Coral Group PLC presently has a consensus rating of “Buy” and an average price target of GBX 156.13 ($2.07).
Shares of Ladbrokes Coral Group PLC (LON:LAD) opened at 133.29 on Wednesday. Ladbrokes Coral Group PLC has a 52 week low of GBX 105.60 and a 52 week high of GBX 164.80. The firm’s 50-day moving average is GBX 127.37 and its 200-day moving average is GBX 127.04.
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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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