Investec reissued their buy rating on shares of Ladbrokes PLC (LON:LAD) in a research note released on Thursday. Investec currently has a GBX 178 ($2.32) price objective on the casino operator’s stock.
Other equities research analysts have also recently issued research reports about the stock. Goodbody reiterated a buy rating on shares of Ladbrokes PLC in a research report on Wednesday, June 8th. Peel Hunt reiterated a buy rating and set a GBX 137 ($1.79) price target on shares of Ladbrokes PLC in a research report on Wednesday, June 8th. Numis Securities Ltd upgraded shares of Ladbrokes PLC to a buy rating and set a GBX 150 ($1.96) price target for the company in a research report on Wednesday, June 1st. Canaccord Genuity reiterated a buy rating and set a GBX 145 ($1.89) price target on shares of Ladbrokes PLC in a research report on Friday, June 10th. Finally, Berenberg Bank upgraded shares of Ladbrokes PLC to a buy rating and lifted their price target for the stock from GBX 130 ($1.70) to GBX 185 ($2.41) in a research report on Friday, August 26th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 139.44 ($1.82).
Ladbrokes PLC (LON:LAD) opened at 143.30 on Thursday. The stock’s 50 day moving average is GBX 150.08 and its 200-day moving average is GBX 131.02. Ladbrokes PLC has a 12-month low of GBX 98.20 and a 12-month high of GBX 164.80. The company’s market cap is GBX 1.46 billion.
The company also recently declared a dividend, which will be paid on Thursday, November 10th. Shareholders of record on Thursday, September 22nd will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.69%. The ex-dividend date is Thursday, September 22nd.
In other news, insider Kelly OBE,John purchased 19,400 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were purchased at an average cost of GBX 153 ($2.00) per share, with a total value of £29,682 ($38,744.29).
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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