Ladbrokes PLC (LDBKY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Ladbrokes PLC (NASDAQ:LDBKY) from a buy rating to a hold rating in a research note published on Wednesday.

According to Zacks, “Hilton Group is a global company operating in the hospitality and betting markets with the leading brand names of Hilton and Ladbroke. The group intends to enhance shareholder value by maximising its prime position in these international markets both of which are expected to experience significant long-term growth. They have two operating divisions-Hilton International which owns the rights to the Hilton name outside the USA and Ladbrokes Betting and Gaming which is one of the world’s largest commercial off-track betting and gaming organisations. “

Several other equities analysts have also recently weighed in on LDBKY. Goodbody reaffirmed a buy rating on shares of Ladbrokes PLC in a research note on Wednesday, June 8th. Berenberg Bank started coverage on Ladbrokes PLC in a research note on Friday, July 22nd. They set a hold rating on the stock. Davy Research reaffirmed a neutral rating on shares of Ladbrokes PLC in a research note on Thursday, August 4th. Finally, Citigroup Inc. raised Ladbrokes PLC from a neutral rating to a buy rating in a research note on Friday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Ladbrokes PLC currently has an average rating of Buy and a consensus price target of $2.25.

Shares of Ladbrokes PLC (NASDAQ:LDBKY) opened at 1.75 on Wednesday. The firm has a 50-day moving average of $1.89 and a 200 day moving average of $1.74. The firm has a market cap of $1.78 billion and a P/E ratio of 20.59. Ladbrokes PLC has a 12 month low of $1.45 and a 12 month high of $2.11.

Ladbrokes PLC Company Profile

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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