Ladbrokes PLC (NASDAQ:LDBKY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $2.00 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 19.05% from the stock’s current price.
According to Zacks, “Hilton Group is a global company operating in the hospitality and betting markets with the leading brand names of Hilton and Ladbroke. The group intends to enhance shareholder value by maximising its prime position in these international markets both of which are expected to experience significant long-term growth. They have two operating divisions-Hilton International which owns the rights to the Hilton name outside the USA and Ladbrokes Betting and Gaming which is one of the world’s largest commercial off-track betting and gaming organisations. “
LDBKY has been the topic of several other research reports. Goodbody reiterated a “buy” rating on shares of Ladbrokes PLC in a research note on Wednesday, August 31st. Berenberg Bank upgraded shares of Ladbrokes PLC from a “hold” rating to a “buy” rating in a research note on Friday, August 26th. Citigroup Inc. upgraded shares of Ladbrokes PLC from a “neutral” rating to a “buy” rating in a research note on Friday, August 12th. Finally, Davy Research reiterated a “neutral” rating on shares of Ladbrokes PLC in a research note on Thursday, August 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Ladbrokes PLC presently has an average rating of “Buy” and a consensus target price of $2.00.
Ladbrokes PLC (NASDAQ:LDBKY) remained flat at $1.68 during midday trading on Tuesday. The stock’s 50-day moving average is $1.72 and its 200 day moving average is $1.75. Ladbrokes PLC has a 12-month low of $1.45 and a 12-month high of $2.11. The company has a market capitalization of $1.71 billion and a price-to-earnings ratio of 20.74.
About Ladbrokes PLC
Ladbrokes plc is engaged in the betting and gaming industry. The Company’s segments include UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. The UK Retail segment consists of betting activities in the shop estate in Great Britain. It is involved in traditional over the counter betting on football, horse and greyhound racing as well as other sports and by machines.