Credit Suisse Group AG Reiterates “Neutral” Rating for Ladbrokes PLC (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research note issued to investors on Monday. They presently have a GBX 150 ($1.83) price target on the casino operator’s stock. Credit Suisse Group AG’s price target would indicate a potential upside of 6.84% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Liberum Capital restated a “sell” rating and set a GBX 111 ($1.35) price objective on shares of Ladbrokes PLC in a research report on Tuesday, July 5th. Canaccord Genuity restated a “buy” rating and set a GBX 145 ($1.77) price objective on shares of Ladbrokes PLC in a research report on Friday, July 15th. Berenberg Bank began coverage on Ladbrokes PLC in a research report on Friday, July 22nd. They set a “hold” rating and a GBX 130 ($1.58) price objective for the company. Investec restated a “buy” rating and set a GBX 168 ($2.05) price objective on shares of Ladbrokes PLC in a research report on Friday, July 22nd. Finally, Goodbody restated a “buy” rating on shares of Ladbrokes PLC in a research report on Tuesday, July 26th. Three equities 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. The company has a consensus rating of “Hold” and a consensus price target of GBX 139.38 ($1.70).
Shares of Ladbrokes PLC (LON:LAD) opened at 138.50 on Monday. The company’s market capitalization is GBX 1.41 billion. Ladbrokes PLC has a one year low of GBX 100.20 and a one year high of GBX 164.80. The company’s 50-day moving average price is GBX 144.76 and its 200-day moving average price is GBX 132.49.
The business also recently declared a dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, September 22nd will be paid a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, September 22nd.
In related news, insider Kelly OBE,John purchased 19,400 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was purchased at an average price of GBX 153 ($1.86) per share, with a total value of £29,682 ($36,175.50).
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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