Ladbrokes Coral Group (LCL) Lowered to Equal weight at Morgan Stanley
Ladbrokes Coral Group (LON:LCL) was downgraded by stock analysts at Morgan Stanley to an “equal weight” rating in a research note issued to investors on Monday. They presently have a GBX 200 ($2.71) price target on the stock, up from their previous price target of GBX 198 ($2.69). Morgan Stanley’s price target would indicate a potential upside of 8.52% from the stock’s current price.
A number of other analysts have also commented on the stock. Barclays reiterated an “overweight” rating and issued a GBX 191 ($2.59) price target on shares of Ladbrokes Coral Group in a research note on Thursday, January 4th. Goldman Sachs Group lowered shares of Ladbrokes Coral Group to a “neutral” rating and lifted their price target for the stock from GBX 156 ($2.12) to GBX 173 ($2.35) in a research note on Wednesday, December 13th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 133 ($1.80) price target on shares of Ladbrokes Coral Group in a research note on Monday, December 11th. Citigroup lifted their price target on shares of Ladbrokes Coral Group from GBX 165 ($2.24) to GBX 200 ($2.71) and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, Peel Hunt lifted their price target on shares of Ladbrokes Coral Group from GBX 200 ($2.71) to GBX 230 ($3.12) and gave the stock 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 issued a buy rating to the stock. Ladbrokes Coral Group presently has a consensus rating of “Buy” and an average target price of GBX 164.35 ($2.23).
Ladbrokes Coral Group (LON:LCL) opened at GBX 184.30 ($2.50) on Monday. The stock has a market cap of $3,530.00 and a PE ratio of -1,151.88. Ladbrokes Coral Group has a twelve month low of GBX 110.30 ($1.50) and a twelve month high of GBX 190.15 ($2.58).
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About Ladbrokes Coral Group
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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