Trade Report: Today, Ladbrokes PLC (NASDAQ:LDBKY) Receives Consensus Rating of “Buy” from Analysts

Today, Ladbrokes PLC (NASDAQ:LDBKY) Receives Consensus Rating of “Buy” from Analysts

Ladbrokes PLC (NASDAQ:LDBKY) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Ladbrokes PLC’s rating score has improved by 25.1% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a one year consensus price objective of $1.55 for the company, according to Zacks. Zacks has also given Ladbrokes PLC an industry rank of 107 out of 265 based on the ratings given to related companies.

Several research firms have weighed in on LDBKY. Goodbody reiterated a “buy” rating on shares of Ladbrokes PLC in a research report on Wednesday, June 8th. Zacks Investment Research upgraded shares of Ladbrokes PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Davy Research reiterated a “neutral” rating on shares of Ladbrokes PLC in a research report on Thursday, August 4th. Berenberg Bank began coverage on shares of Ladbrokes PLC in a research report on Friday, July 22nd. They issued a “hold” rating on the stock. Finally, Citigroup Inc. upgraded shares of Ladbrokes PLC from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th.

Ladbrokes PLC (NASDAQ:LDBKY) remained flat at $1.75 during midday trading on Thursday. Ladbrokes PLC has a 12-month low of $1.45 and a 12-month high of $2.11. The stock has a market capitalization of $1.78 billion and a PE ratio of 20.59. The firm has a 50 day moving average of $1.89 and a 200-day moving average of $1.74.

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.

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