Ladbrokes PLC (LON:LAD)‘s stock had its “neutral” rating restated by research analysts at Credit Suisse Group AG in a research report issued on Monday. They currently have a GBX 150 ($1.86) target price on the casino operator’s stock. Credit Suisse Group AG’s price target would indicate a potential upside of 9.65% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity reiterated a “buy” rating and issued a GBX 145 ($1.79) target price on shares of Ladbrokes PLC in a report on Friday, July 15th. Goodbody reiterated a “buy” rating on shares of Ladbrokes PLC in a report on Thursday, August 4th. Peel Hunt reiterated a “buy” rating and issued a GBX 137 ($1.70) target price on shares of Ladbrokes PLC in a report on Tuesday, July 26th. Investec reissued a “buy” rating and issued a GBX 168 ($2.08) price target on shares of Ladbrokes PLC in a research report on Friday, July 22nd. Finally, Berenberg Bank raised Ladbrokes PLC to a “buy” rating and increased their price target for the company from GBX 130 ($1.61) to GBX 185 ($2.29) in a research report on Friday, August 26th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 140 ($1.73).
Shares of Ladbrokes PLC (LON:LAD) opened at 136.70 on Monday. The company’s market cap is GBX 1.39 billion. Ladbrokes PLC has a 12 month low of GBX 100.20 and a 12 month high of GBX 164.80. The stock has a 50 day moving average of GBX 145.86 and a 200-day moving average of GBX 131.99.
The firm also recently declared a dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, September 22nd will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 0.69%.
In other Ladbrokes PLC news, insider Kelly OBE,John purchased 19,400 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was purchased at an average price of GBX 153 ($1.89) per share, for a total transaction of £29,682 ($36,735.15).