Ladbrokes PLC (LON:LAD)‘s stock had its “buy” rating reiterated by analysts at Investec in a report released on Monday. They presently have a GBX 178 ($2.17) price target on the casino operator’s stock. Investec’s price target would indicate a potential upside of 26.78% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Goodbody reissued a “buy” rating on shares of Ladbrokes PLC in a research report on Thursday, August 4th. Canaccord Genuity reissued a “buy” rating and set a GBX 145 ($1.77) price objective on shares of Ladbrokes PLC in a research report on Friday, July 15th. Peel Hunt reissued a “buy” rating and set a GBX 137 ($1.67) price objective on shares of Ladbrokes PLC in a research report on Tuesday, July 26th. Berenberg Bank raised shares of Ladbrokes PLC to a “buy” rating and boosted their price objective for the company from GBX 130 ($1.58) to GBX 185 ($2.25) in a research report on Friday, August 26th. Finally, Shore Capital reissued a “buy” rating on shares of Ladbrokes PLC in a research report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 139.38 ($1.70).
Ladbrokes PLC (LON:LAD) opened at 138.70 on Monday. The company has a 50-day moving average price of GBX 144.76 and a 200-day moving average price of GBX 132.49. Ladbrokes PLC has a 1-year low of GBX 100.20 and a 1-year high of GBX 164.80. The company’s market cap is GBX 1.41 billion.
The firm also recently announced a dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, September 22nd will be given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, September 22nd.
In other Ladbrokes PLC news, insider Kelly OBE,John bought 19,400 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average cost of GBX 153 ($1.86) per share, for a total transaction of £29,682 ($36,175.50).
About Ladbrokes PLC
Ladbrokes plc is engaged in the betting and gaming industry. The Company’s segments include UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. The UK Retail segment consists of betting activities in the shop estate in Great Britain. It is involved in traditional over the counter betting on football, horse and greyhound racing as well as other sports and by machines.
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