Ladbrokes Coral Group (LCL) Cut to “Equal weight” at Morgan Stanley

Morgan Stanley cut shares of Ladbrokes Coral Group (LON:LCL) to an equal weight rating in a research report released on Monday. They currently have GBX 200 ($2.71) price target on the stock, up from their prior price target of GBX 198 ($2.69).

Other research analysts have also issued reports about the stock. Canaccord Genuity reaffirmed a buy rating and set a GBX 165 ($2.24) price objective on shares of Ladbrokes Coral Group in a research note on Friday, October 20th. Shore Capital reaffirmed a buy rating on shares of Ladbrokes Coral Group in a research note on Thursday, December 7th. Barclays reaffirmed an overweight rating on shares of Ladbrokes Coral Group in a research note on Thursday, November 30th. Peel Hunt boosted their target price on shares of Ladbrokes Coral Group from GBX 200 ($2.71) to GBX 230 ($3.12) and gave the company a buy rating in a research note on Friday, December 8th. Finally, Citigroup boosted their target price on shares of Ladbrokes Coral Group from GBX 165 ($2.24) to GBX 200 ($2.71) and gave the company a buy rating in a research note on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Ladbrokes Coral Group has an average rating of Buy and an average target price of GBX 164.35 ($2.23).

Ladbrokes Coral Group (LON LCL) opened at GBX 186.65 ($2.53) on Monday. The company has a market cap of $3,520.00 and a price-to-earnings ratio of -1,166.56. Ladbrokes Coral Group has a one year low of GBX 110.30 ($1.50) and a one year high of GBX 190.15 ($2.58).

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Ladbrokes Coral Group Company Profile

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.

Analyst Recommendations for Ladbrokes Coral Group (LON:LCL)

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