Ladbrokes Coral Group PLC (LAD) Given Consensus Recommendation of “Buy” by Brokerages

Ladbrokes Coral Group PLC (LON:LAD) has been assigned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the firm. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating 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 159.14 ($2.05).

A number of equities research analysts have recently commented on the company. Peel Hunt reiterated a “buy” rating and set a GBX 200 ($2.58) price objective on shares of Ladbrokes Coral Group PLC in a research report on Monday, May 15th. Berenberg Bank reissued a “buy” rating and set a GBX 160 ($2.07) target price on shares of Ladbrokes Coral Group PLC in a research report on Monday, May 15th. Shore Capital restated a “buy” rating on shares of Ladbrokes Coral Group PLC in a report on Thursday, May 4th. Davy Research upgraded shares of Ladbrokes Coral Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 18th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 160 ($2.07) price target on shares of Ladbrokes Coral Group PLC in a research note on Friday, April 7th.

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Ladbrokes Coral Group PLC (LON:LAD) traded down 0.23% during mid-day trading on Tuesday, hitting GBX 133.29. The stock had a trading volume of 7,497,446 shares. Ladbrokes Coral Group PLC has a 12-month low of GBX 105.60 and a 12-month high of GBX 164.80. The company has a 50-day moving average of GBX 127.37 and a 200-day moving average of GBX 127.04.

About Ladbrokes Coral Group PLC

Ladbrokes Coral Group plc, formerly Ladbrokes plc, is engaged in the betting and gaming industry. The Company’s segments are UK Retail, European Retail and Digital. The UK Retail segment consists of betting activities in the shop estate in Great Britain. The Company is involved in traditional over-the-counter betting on football, horse and greyhound racing, as well as other sports and by machines.

12 Month Chart for LON:LAD

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