Liberum Capital Reiterates Sell Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “sell” rating reiterated by Liberum Capital in a research note issued on Friday. They currently have a GBX 120 ($1.49) price objective on the casino operator’s stock. Liberum Capital’s price target suggests a potential downside of 12.73% from the company’s current price.
A number of other research firms also recently issued reports on LAD. Shore Capital reiterated a “buy” rating on shares of Ladbrokes PLC in a research report on Wednesday, August 31st. Goodbody reiterated a “buy” rating on shares of Ladbrokes PLC in a research report on Wednesday, August 31st. Berenberg Bank upgraded shares of Ladbrokes PLC to a “buy” rating and lifted their price target for the company from GBX 130 ($1.61) to GBX 185 ($2.29) in a research report on Friday, August 26th. Investec lifted their price target on shares of Ladbrokes PLC from GBX 168 ($2.08) to GBX 178 ($2.20) and gave the company a “buy” rating in a research report on Thursday, August 18th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 165 ($2.04) price target on shares of Ladbrokes PLC in a research report on Friday, September 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Ladbrokes PLC presently has an average rating of “Hold” and an average price target of GBX 140 ($1.73).
Ladbrokes PLC (LON:LAD) opened at 140.30 on Friday. Ladbrokes PLC has a 12-month low of GBX 100.20 and a 12-month high of GBX 164.80. The firm’s market capitalization is GBX 1.43 billion. The company has a 50-day moving average price of GBX 147.84 and a 200-day moving average price of GBX 131.70.
The company also recently disclosed a dividend, which will be paid on Thursday, November 10th. Shareholders of record on Thursday, September 22nd will be issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 0.69%.
In other news, insider Kelly OBE,John acquired 19,400 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were purchased at an average price of GBX 153 ($1.89) per share, for a total transaction of £29,682 ($36,735.15).
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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