Ladbrokes (LON: LAD) was upgraded by equities researchers at JPMorgan Chase to a “neutral” rating in a report issued on Tuesday. The firm currently has a $3.58 (237 GBX) target price on the stock, up from their previous target price of $2.39 (158 GBX).
Shares of Ladbrokes (LON: LAD) traded down 0.08% during mid-day trading on Tuesday, hitting GBX 238.30. Ladbrokes has a 52 week low of GBX 150.20 and a 52 week high of GBX 245.00. The stock’s 50-day moving average is currently GBX 177.3. The company’s market cap is £2.165 billion.
LAD has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Ladbrokes from $3.82 to $4.26 in a research note to investors on Tuesday, March 12th. They now have a “buy” rating on the stock. Separately, analysts at JP Morgan Cazenove upgraded shares of Ladbrokes to a “neutral” rating in a research note to investors on Tuesday, March 12th. They now have a $3.58 price target on the stock, up previously from $2.39. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Ladbrokes in a research note to investors on Monday, March 11th. They now have a $3.81 price target on the stock.
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.