Ladbrokes PT Raised to $2.70 (LAD)
Equities research analysts at Credit Suisse raised their price target on shares of Ladbrokes (LON: LAD) from $2.21 (147 GBX) to $2.70 (180 GBX) in a research note issued to investors on Friday. The firm currently has an “underperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “sell/neutral” rating on shares of Ladbrokes in a research note to investors on Wednesday. They now have a $2.99 price target on the stock. Separately, 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. Finally, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Ladbrokes in a research note to investors on Monday, February 25th. They now have a $2.64 price target on the stock.
Ladbrokes traded up 2.53% on Friday, hitting GBX 235.40. 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 £2.139 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.