Ladbrokes’s “Sell/Neutral” Rating Reaffirmed at Goldman Sachs (LAD)
Ladbrokes (LON: LAD)‘s stock had its “sell/neutral” rating reiterated by investment analysts at Goldman Sachs in a note issued to investors on Wednesday. They currently have a $2.99 (197 GBX) target price on the stock.
Ladbrokes opened at 223.00 on Wednesday. Ladbrokes has a 1-year low of GBX 147.90 and a 1-year high of GBX 233.70. The stock’s 50-day moving average is currently GBX 177.3. The company’s market cap is £2.026 billion.
A number of other firms have also recently commented on LAD. Analysts at Nomura raised their price target on shares of Ladbrokes from $2.27 to $3.08 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Ladbrokes in a research note to investors on Monday. They now have a $2.64 price target on the stock. Finally, 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.