Trading Report: Today, Numis Securities Ltd Reiterates Hold Rating for Ladbrokes PLC (LAD)

Today, Numis Securities Ltd Reiterates Hold Rating for Ladbrokes PLC (LAD)

Ladbrokes PLC (LON:LAD)‘s stock had its “hold” rating reiterated by equities research analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 140 ($1.71) price objective on the casino operator’s stock. Numis Securities Ltd’s price objective would indicate a potential upside of 1.52% from the company’s current price.

Several other analysts have also recently commented on LAD. Goodbody restated a “buy” rating on shares of Ladbrokes PLC in a research note on Thursday, August 4th. Peel Hunt restated a “hold” rating and issued a GBX 137 ($1.67) target price on shares of Ladbrokes PLC in a research note on Tuesday. Deutsche Bank AG restated a “hold” rating and issued a GBX 136 ($1.66) target price on shares of Ladbrokes PLC in a research note on Friday, August 5th. Shore Capital restated a “buy” rating on shares of Ladbrokes PLC in a research note on Wednesday, August 31st. Finally, Davy Research restated a “neutral” rating on shares of Ladbrokes PLC in a research note on Thursday, August 4th. Three equities 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 company currently has a consensus rating of “Hold” and a consensus target price of GBX 139.38 ($1.70).

Shares of Ladbrokes PLC (LON:LAD) traded up 1.45% during mid-day trading on Tuesday, reaching GBX 139.90. 4,941,839 shares of the company traded hands. The company’s market capitalization is GBX 1.42 billion. Ladbrokes PLC has a 52 week low of GBX 100.20 and a 52 week high of GBX 164.80. The stock’s 50-day moving average is GBX 144.39 and its 200-day moving average is GBX 132.12.

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

In other Ladbrokes PLC news, insider Kelly OBE,John acquired 19,400 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was bought at an average cost of GBX 153 ($1.86) per share, for a total transaction of £29,682 ($36,175.50).

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