Ladbrokes Given New $3.08 Price Target at Nomura (LAD)
Equities research analysts at Nomura boosted their price target on shares of Ladbrokes (LON: LAD) from $2.27 (150 GBX) to $3.08 (203 GBX) in a research note issued to investors on Tuesday. The firm currently has a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on LAD. 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. Separately, 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. Finally, 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, February 21st. They now have a “buy” rating on the stock.
Ladbrokes traded down 1.72% on Tuesday, hitting GBX 222.30. 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 £2.020 billion.
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.