Investec Reiterates “Buy” Rating for Ladbrokes Coral Group PLC (LCL)
Investec reissued their buy rating on shares of Ladbrokes Coral Group PLC (LON:LCL) in a research note released on Monday morning. The brokerage currently has a GBX 160 ($2.10) price objective on the stock.
LCL has been the topic of a number of other research reports. Peel Hunt reissued a buy rating and set a GBX 200 ($2.63) price objective on shares of Ladbrokes Coral Group PLC in a research report on Thursday, August 31st. Shore Capital reissued a buy rating on shares of Ladbrokes Coral Group PLC in a research report on Thursday, August 31st. Barclays PLC reaffirmed an overweight rating and issued a GBX 165 ($2.17) price target on shares of Ladbrokes Coral Group PLC in a research report on Tuesday, September 5th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 165 ($2.17) price target on shares of Ladbrokes Coral Group PLC in a research report on Tuesday, October 31st. Finally, Berenberg Bank decreased their price objective on shares of Ladbrokes Coral Group PLC from GBX 160 ($2.10) to GBX 155 ($2.04) and set a buy rating for the company in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 159.82 ($2.10).
Shares of Ladbrokes Coral Group PLC (LON:LCL) opened at GBX 134 ($1.76) on Monday. Ladbrokes Coral Group PLC has a 1 year low of GBX 110.30 ($1.45) and a 1 year high of GBX 139.30 ($1.83).
TRADEMARK VIOLATION NOTICE: “Investec Reiterates “Buy” Rating for Ladbrokes Coral Group PLC (LCL)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/17/investec-reiterates-buy-rating-for-ladbrokes-coral-group-plc-lcl.html.
The business also recently disclosed a dividend, which was paid on Thursday, November 9th. Stockholders of record on Thursday, September 21st were issued a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 1.69%. The ex-dividend date was Thursday, September 21st.
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.
Receive News & Stock Ratings for Ladbrokes Coral Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladbrokes Coral Group PLC and related stocks with our FREE daily email newsletter.