Ladbrokes (LON:LAD) Rating Reaffirmed
Research professionals at AlphaValue now has a GBX 125 target price on Ladbrokes (LON:LAD). AlphaValue and their recent target price would suggest a potential upside of 5.49% from the company’s closing share price. The rating has been unveiled in analysts report on 3 December.
From a total of 17 analysts covering Ladbrokes PLC (LON:LAD) stock, 6 rate it a ”Buy”, 3 a “Sell”, and 8 a ”Hold”. This means that 35% of the ratings are positive. The highest target price is GBX 145 while the lowest target price is GBX 85. The mean of all analyst targets is GBX 113.76 with a -1.59% below today’s (GBX 117.47) stock price. Ladbrokes PLC was the topic of 57 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Shore Capital maintained shares on November 30 with “Hold” rating. Peel Hunt maintained shares with “Buy” rating and GBX 135 target share price in a report from a November 18. Investec reinitiated LAD stock in a recent report from November 25 with “Buy” rating. AlphaValue downgraded the rating on November 4. AlphaValue has a “Add” rating and a GBX 121 price target on shares. Finally, Credit Suisse maintained the stock with “Underperform” rating in a report issued on a November 24.
Approximately 2.11M shares of stock traded hands. Ladbrokes PLC (LON:LAD) has risen 10.48% since May 6, 2015 and is uptrending. It has outperformed by 10.77% the S&P500.
Ladbrokes plc is engaged in the betting and gaming industry. The company has a market cap of 1.20 billion GBP. The Firm has approximately 2,700 betting outlets in the United Kingdom, Ireland, Belgium and Spain. It currently has negative earnings. The Company’s divisions include UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers.
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