Zacks Investment Research cut shares of Ladbrokes PLC (NASDAQ:LDBKY) from a buy rating to a hold rating in a report published on Wednesday.

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. “

LDBKY has been the subject of a number of other reports. Citigroup Inc. raised Ladbrokes PLC from a neutral rating to a buy rating in a research note on Friday, August 12th. Goodbody reiterated a buy rating on shares of Ladbrokes PLC in a research report on Thursday, August 4th. Berenberg Bank upgraded Ladbrokes PLC from a hold rating to a buy rating in a research report on Friday, August 26th. Finally, Davy Research reiterated a neutral rating on shares of Ladbrokes PLC in a research report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $2.25.

Ladbrokes PLC (NASDAQ:LDBKY) traded up 0.000% during midday trading on Wednesday, reaching $1.655. The stock has a market cap of $1.69 billion and a price-to-earnings ratio of 19.471. The stock has a 50 day moving average price of $1.88 and a 200-day moving average price of $1.75. Ladbrokes PLC has a 52-week low of $1.45 and a 52-week high of $2.11.

Ladbrokes PLC Company Profile

Ladbrokes plc is engaged in the betting and gaming industry. The Company’s segments include UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. The UK Retail segment consists of betting activities in the shop estate in Great Britain. It 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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