Ladbrokes PLC’s (LAD) “Buy” Rating Reaffirmed at Investec

Investec restated their buy rating on shares of Ladbrokes PLC (LON:LAD) in a research report released on Monday morning. The brokerage currently has a GBX 178 ($2.17) target price on the casino operator’s stock.

Several other analysts also recently commented on the stock. Liberum Capital reaffirmed a sell rating and set a GBX 120 ($1.46) target price on shares of Ladbrokes PLC in a report on Friday, October 7th. HSBC lifted their target price on shares of Ladbrokes PLC from GBX 125 ($1.52) to GBX 155 ($1.89) and gave the stock a hold rating in a report on Monday, September 12th. Numis Securities Ltd reaffirmed a hold rating on shares of Ladbrokes PLC in a report on Tuesday, September 6th. Canaccord Genuity reaffirmed a buy rating and set a GBX 165 ($2.01) target price on shares of Ladbrokes PLC in a report on Friday, September 2nd. Finally, Goodbody reiterated a buy rating on shares of Ladbrokes PLC in a research note on Wednesday, August 31st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 140 ($1.71).

Shares of Ladbrokes PLC (LON:LAD) opened at 139.60 on Monday. Ladbrokes PLC has a 52 week low of GBX 100.20 and a 52 week high of GBX 164.80. The company’s market capitalization is GBX 1.42 billion. The firm’s 50-day moving average is GBX 144.39 and its 200 day moving average is GBX 132.12.

The business also recently announced a dividend, which will be paid on Thursday, November 10th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 0.69%.

In related news, insider Kelly OBE,John bought 19,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were bought at an average price 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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