Ladbrokes Upgraded by JP Morgan Cazenove to Neutral (LAD)
Ladbrokes (LON: LAD) was upgraded by research analysts at JP Morgan Cazenove to a “neutral” rating in a report released on Tuesday. The firm currently has a $3.58 (240 GBX) target price on the stock, up from their previous target price of $2.39 (160 GBX).
Ladbrokes opened at 244.10 on Tuesday. Ladbrokes has a 52-week low of GBX 150.20 and a 52-week high of GBX 236.40. The stock’s 50-day moving average is currently GBX 177.3. The company’s market cap is £2.218 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Ladbrokes in a research note to investors on Monday. They now have a $3.81 price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Ladbrokes in a research note to investors on Monday. They now have a $3.73 price target on the stock. Finally, analysts at Panmure Gordon raised their price target on shares of Ladbrokes from $2.91 to $3.27 in a research note to investors on Monday. They now have a “hold” rating on the stock.
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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