Ladbrokes (LON:LAD)‘s stock had its “underperform” rating reiterated by research analysts at Credit Suisse in a report released on Monday, AnalystRatingsNetwork reports. They currently have a GBX 170 ($2.78) price target on the stock. Credit Suisse’s price target would suggest a potential downside of 2.02% from the stock’s previous close.
A number of other analysts have also recently weighed in on LAD. Analysts at UBS AG raised their price target on shares of Ladbrokes from GBX 165 ($2.70) to GBX 180 ($2.94) in a research note to investors on Tuesday, December 3rd. They now have a “neutral” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Ladbrokes in a research note to investors on Wednesday, November 27th. They now have a GBX 188 ($3.07) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Ladbrokes in a research note to investors on Tuesday, November 26th. They now have a GBX 230 ($3.76) price target on the stock. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. Ladbrokes presently has a consensus rating of “Hold” and an average target price of GBX 178.24 ($2.91).
Shares of Ladbrokes (LON:LAD) opened at 175.70 on Monday. Ladbrokes has a one year low of GBX 165.40 and a one year high of GBX 245.00. The stock’s 50-day moving average is GBX 182.6 and its 200-day moving average is GBX 193.0. The company’s market cap is £1.608 billion.
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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