Ladbrokes Coral Group PLC (LCL) Given Buy Rating at Canaccord Genuity

Ladbrokes Coral Group PLC (LON:LCL)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a report released on Thursday, May 4th. They currently have a GBX 165 ($2.13) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 34.47% from the stock’s previous close.

Several other research analysts also recently weighed in on LCL. Shore Capital reiterated a “buy” rating on shares of Ladbrokes Coral Group PLC in a research note on Thursday, May 4th. Peel Hunt restated a “buy” rating and issued a GBX 200 ($2.58) target price on shares of Ladbrokes Coral Group PLC in a research note on Thursday, May 4th. Barclays PLC restated an “overweight” rating and issued a GBX 160 ($2.07) target price on shares of Ladbrokes Coral Group PLC in a research note on Friday, April 7th. Morgan Stanley raised their target price on Ladbrokes Coral Group PLC from GBX 190 ($2.45) to GBX 200 ($2.58) and gave the stock an “overweight” rating in a research note on Wednesday, April 5th. Finally, Goldman Sachs Group Inc raised their price target on Ladbrokes Coral Group PLC from GBX 175 ($2.26) to GBX 177 ($2.28) and gave the company a “buy” rating in a report on Thursday, March 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 161.33 ($2.08).

Analyst Recommendations for Ladbrokes Coral Group PLC (LON:LCL)

Ladbrokes Coral Group PLC (LON:LCL) traded up 0.66% during mid-day trading on Thursday, hitting GBX 122.70. 16,354,734 shares of the stock were exchanged. The stock has a 50 day moving average price of GBX 127.31 and a 200 day moving average price of GBX 124.80. The company’s market capitalization is GBX 2.34 billion. Ladbrokes Coral Group PLC has a 1-year low of GBX 105.60 and a 1-year high of GBX 164.80.

The company also recently declared a dividend, which was paid on Thursday, May 18th. Investors of record on Thursday, April 6th were given a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend was Thursday, April 6th. This represents a dividend yield of 1.5%.

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In other news, insider Stevie Spring purchased 38,240 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The shares were bought at an average cost of GBX 130 ($1.68) per share, for a total transaction of £49,712 ($64,169.36).

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, Digital, Core Telephone Betting and High Rollers. 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:LCL

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