Trading Report: Today, Analysts give average Rating of “Hold” to Ladbrokes PLC (LAD)

Today, Analysts give average Rating of “Hold” to Ladbrokes PLC (LAD)

Shares of Ladbrokes PLC (LON:LAD) have been given an average rating of “Hold” by the nineteen analysts that are covering the firm. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 139.64 ($1.70).

Several equities analysts have weighed in on LAD shares. Liberum Capital reaffirmed a “sell” rating and issued a GBX 111 ($1.35) target price on shares of Ladbrokes PLC in a research report on Tuesday, July 5th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 145 ($1.77) target price on shares of Ladbrokes PLC in a research report on Friday, July 15th. Berenberg Bank started coverage on Ladbrokes PLC in a research report on Friday, July 22nd. They issued a “hold” rating and a GBX 130 ($1.58) target price for the company. Investec reaffirmed a “buy” rating and issued a GBX 168 ($2.05) target price on shares of Ladbrokes PLC in a research report on Friday, July 22nd. Finally, Goodbody reaffirmed a “buy” rating on shares of Ladbrokes PLC in a research report on Tuesday, July 26th.

In related news, insider Kelly OBE,John acquired 19,400 shares of Ladbrokes PLC stock in a transaction dated Wednesday, August 10th. The shares were acquired at an average cost of GBX 153 ($1.86) per share, for a total transaction of £29,682 ($36,175.50).

Ladbrokes PLC (LON:LAD) traded up 1.81% during mid-day trading on Tuesday, hitting GBX 140.40. 7,471,787 shares of the company’s stock traded hands. Ladbrokes PLC has a one year low of GBX 100.20 and a one year high of GBX 164.80. The firm’s 50-day moving average price is GBX 144.39 and its 200-day moving average price is GBX 132.12. The stock’s market cap is GBX 1.43 billion.

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