Ladbrokes Given “Underweight” Rating at Morgan Stanley (LAD)
Ladbrokes (LON: LAD)‘s stock had its “underweight” rating reaffirmed by research analysts at Morgan Stanley in a report released on Monday. They currently have a $2.64 (175 GBX) target price on the stock.
Ladbrokes traded up 0.13% on Monday, hitting GBX 226.20. Ladbrokes has a 52-week low of GBX 147.90 and a 52-week high of GBX 233.70. The stock’s 50-day moving average is currently GBX 177.3. The company’s market cap is £2.044 billion.
A number of other analysts have also recently weighed in on LAD. Analysts at Citigroup reiterated a “neutral” rating on shares of Ladbrokes in a research note to investors on Monday. They now have a $3.63 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Ladbrokes from $3.43 to $3.89 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Investec upgraded shares of Ladbrokes from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, February 19th. They now have a $3.88 price target on the stock, up previously from $2.56.
Ladbrokes plc is engaged in betting and gaming. The Company operates in five segments: UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers.
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