Ladbrokes Coral Group (LCL) Downgraded by Goldman Sachs Group to “Neutral”
Goldman Sachs Group downgraded shares of Ladbrokes Coral Group (LON:LCL) to a neutral rating in a report released on Wednesday. They currently have GBX 173 ($2.33) target price on the stock, up from their prior target price of GBX 156 ($2.10).
Several other equities analysts have also recently issued reports on the company. Barclays reaffirmed an overweight rating and set a GBX 165 ($2.22) price objective on shares of Ladbrokes Coral Group in a report on Tuesday, September 5th. Deutsche Bank reaffirmed a buy rating and set a GBX 170 ($2.29) price objective on shares of Ladbrokes Coral Group in a report on Wednesday, November 1st. Canaccord Genuity reaffirmed a buy rating and set a GBX 165 ($2.22) price objective on shares of Ladbrokes Coral Group in a report on Friday, October 20th. J P Morgan Chase & Co reaffirmed an overweight rating on shares of Ladbrokes Coral Group in a report on Friday, September 1st. Finally, reaffirmed a buy rating and set a GBX 160 ($2.15) price objective on shares of Ladbrokes Coral Group in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of GBX 162.29 ($2.18).
Shares of Ladbrokes Coral Group (LON:LCL) traded down GBX 0.44 ($0.01) during mid-day trading on Wednesday, reaching GBX 170.80 ($2.30). The company had a trading volume of 22,349,626 shares, compared to its average volume of 13,110,000. Ladbrokes Coral Group has a 52-week low of GBX 110.30 ($1.48) and a 52-week high of GBX 182.90 ($2.46).
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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.
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