Today, Liberum Capital Reiterates “Sell” Rating for Ladbrokes PLC (LAD)

Today, Liberum Capital Reiterates “Sell” Rating for Ladbrokes PLC (LAD)

Ladbrokes PLC (LON:LAD)‘s stock had its “sell” rating restated by stock analysts at Liberum Capital in a report issued on Friday. They currently have a GBX 120 ($1.57) price objective on the casino operator’s stock. Liberum Capital’s price target points to a potential downside of 15.37% from the stock’s current price.

Several other research analysts have also commented on LAD. Canaccord Genuity reissued a “buy” rating and set a GBX 145 ($1.89) price objective on shares of Ladbrokes PLC in a report on Friday, July 15th. Goodbody reissued a “buy” rating on shares of Ladbrokes PLC in a report on Tuesday, July 26th. Davy Research reissued a “neutral” rating on shares of Ladbrokes PLC in a report on Thursday, August 4th. Peel Hunt reissued a “buy” rating and set a GBX 137 ($1.79) price objective on shares of Ladbrokes PLC in a report on Tuesday, July 26th. Finally, Credit Suisse Group AG boosted their price objective on Ladbrokes PLC from GBX 130 ($1.70) to GBX 150 ($1.96) and gave the stock a “neutral” rating in a report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Ladbrokes PLC currently has a consensus rating of “Hold” and an average price target of GBX 140 ($1.83).

Ladbrokes PLC (LON:LAD) opened at 138.80 on Friday. Ladbrokes PLC has a 12-month low of GBX 100.20 and a 12-month high of GBX 164.80. The company’s market cap is GBX 1.41 billion. The firm’s 50-day moving average is GBX 148.81 and its 200 day moving average is GBX 131.18.

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The business also recently disclosed a dividend, which will be paid on Thursday, November 10th. Shareholders of record on Thursday, September 22nd will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, September 22nd. This represents a yield of 0.69%.

In related news, insider Kelly OBE,John acquired 19,400 shares of the stock in a transaction on Wednesday, August 10th. The stock was purchased at an average price of GBX 153 ($2.00) per share, for a total transaction of £29,682 ($38,744.29).

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