Ladbrokes Coral Group (LCL) Receives Buy Rating from Shore Capital
A number of other equities analysts have also recently commented on LCL. Morgan Stanley reissued an overweight rating and set a GBX 210 ($2.85) target price on shares of Ladbrokes Coral Group in a report on Monday, October 2nd. Berenberg Bank reduced their target price on Ladbrokes Coral Group from GBX 160 ($2.17) to GBX 155 ($2.10) and set a buy rating for the company in a report on Wednesday, October 4th. Canaccord Genuity reissued a buy rating and set a GBX 165 ($2.24) target price on shares of Ladbrokes Coral Group in a report on Friday, October 20th. Deutsche Bank reissued a buy rating and set a GBX 170 ($2.31) target price on shares of Ladbrokes Coral Group in a report on Wednesday, November 1st. Finally, Peel Hunt reissued a buy rating and set a GBX 200 ($2.71) target price on shares of Ladbrokes Coral Group in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Ladbrokes Coral Group has an average rating of Buy and an average target price of GBX 167.38 ($2.27).
Shares of Ladbrokes Coral Group (LCL) traded up GBX 3.60 ($0.05) during trading on Monday, hitting GBX 171.60 ($2.33). The company’s stock had a trading volume of 5,322,648 shares, compared to its average volume of 11,360,000. Ladbrokes Coral Group has a fifty-two week low of GBX 110.30 ($1.50) and a fifty-two week high of GBX 190.15 ($2.58). The firm has a market capitalization of $3,290.00 and a PE ratio of -1,072.50.
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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