Ladbrokes PLC (LON:LAD) Rating Reaffirmed
In an interesting research report sent to investors and clients on Thursday, 17 December, The “Buy” rating of Ladbrokes PLC (LON:LAD) shares was reconfirmed by Analysts at Goodbody, who now has a GBX 145.00 Estimated Target Price on the stock. Goodbody’s Estimated Target Price implies a possible upside of 21.80% from the stock close price of the company.
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 -2.58% below today’s (GBX 118.94) stock price. Ladbrokes PLC was the topic of 60 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 11 with “Buy” rating. Investec reinitiated shares with “Buy” rating and GBX 127 target share price in a report from a November 25. AlphaValue maintained LAD stock in a recent report from December 3 with “Add” rating. UBS maintained the rating on November 24. UBS has a “Buy” rating and a GBX 135 price target on shares. Finally, BNP Paribas maintained the stock with “Neutral” rating in a report issued on a November 30.
Approximately 97,946 shares of stock traded hands. Ladbrokes PLC (LON:LAD) has declined 1.42% since May 20, 2015 and is downtrending. It has outperformed by 0.84% 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 is positive, 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 insider purchases, 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 $3.34 million. Holzshu Chris sold 15,419 shares worth approximately $1.61 million. The company insider Hillier Scott sold 16,804 shares worth $1.77 million.
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.
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.”