Davy Research reissued their neutral rating on shares of Ladbrokes (LON:LAD) in a research report released on Wednesday morning, Analyst Ratings Network reports.
Ladbrokes (LON:LAD) opened at 189.10 on Wednesday. Ladbrokes has a 52-week low of GBX 168.20 and a 52-week high of GBX 245.00. The stock has a 50-day moving average of GBX 177.3 and a 200-day moving average of GBX 168.4. The company’s market cap is £1.716 billion.
LAD has been the subject of a number of other recent research reports. Analysts at UBS AG cut their price target on shares of Ladbrokes from GBX 200 ($3.10) to GBX 195 ($3.03) in a research note to investors on Tuesday. They now have a neutral rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Ladbrokes from a neutral rating to an underweight rating in a research note to investors on Monday. They now have a GBX 175 ($2.71) price target on the stock, down previously from GBX 200 ($3.10). Finally, analysts at Bank of America Corp. reiterated a buy rating on shares of Ladbrokes in a research note to investors on Monday. They now have a GBX 235 ($3.65) price target on the stock.
Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. Ladbrokes has a consensus rating of Hold and an average price target of GBX 204.52 ($3.17).
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.
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