Ladbrokes (LON:LAD) Rating Reaffirmed
Ladbrokes (LON:LAD) just had their share rating of a ‘Buy’ issued by research analysts at Canaccord Genuity, who now has a GBX 123 target price per share on the 1.16B GBP market cap company or a 7.14% upside potential. This key information was announced in an analyst research report on Friday morning.
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 1.20% above today’s (GBX 114.5) stock price. Ladbrokes PLC was the topic of 59 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 9 with “Underperform” rating. UBS maintained shares with “Buy” rating and GBX 135 target share price in a report from a November 24. Shore Capital maintained LAD stock in a recent report from November 30 with “Hold” rating. Peel Hunt maintained the rating on November 18. Peel Hunt has a “Buy” rating and a GBX 135 price target on shares. Finally, Investec reinitiated the stock with “Buy” rating in a report issued on a November 25.
Approximately 597,156 shares of stock traded hands. Ladbrokes PLC (LON:LAD) has declined 1.46% since May 14, 2015 and is downtrending. It has outperformed by 1.56% the S&P500.
The overall sentiment of institutions has increased to 1.14 in Q2 2015. Its up 0.12, from 1.02 in 2015Q2. The ratio increased, as 33 institutions have sold all the shares of Ladbrokes PLC that they owned while 80 funds have taken shares off the table. 31 funds have purchased shares for the first time while 98 added to their positions. These institutions now hold 21.70 million shares or 8.96% less than the 23.83 million shares they owned in 2015Q2.
The Fund Oskie Capital Management Llc currently is holding shares equating to 6.34% of its total portfolio in Ladbrokes PLC representing a total of 102,655 shares. Another fund,Rk Capital Management Llc, is holding a total of 228,943 shares equating to 4.53% of their holdings. Additionally, Park West Asset Management Llc has a 376,875 share stake in Ladbrokes PLC which represents 3.71% of their total portfolio. The Fund, Palestra Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 3.25% of their total portfolio. Finally New Amsterdam Partners Llc Ny, a fund which is based in the state of New York reported a total holdings of 267,054 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 11, 2015, shareholders of Ladbrokes PLC have witnessed 0 buys, and a total of 3 insider sales equating to a net activity of approximately $374,439 . Cain Susan O sold 2,000 shares worth approximately $231,839. Young William J sold 1,000 shares worth approximately $107,190. Deboer Bryan B sold 32,129 shares worth approximately $3.34M. Holzshu Chris sold 15,419 shares worth approximately $1.61 million. The company insider Hillier Scott sold 16,804 shares worth $1.77M.
Ladbrokes plc is engaged in the betting and gaming industry. The company has a market cap of 1.16 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.
According to Zacks Investment Research, “Lithia Motors Inc. is a leading operator and retailer in the highly fragmented automotive industry. Lithia sells new and used cars and light trucks, sells replacement parts, provides vehicle maintenance, warranty, paint and repair services, and arranges related financing and insurance for its automotive customers. The company also exchanges vehicles with other dealers from time to time to accommodate customer demand and to balance inventory.” Get a free copy of the Zacks research report on Ladbrokes PLC (LAD).