Ladbrokes Coral Group PLC (LCL) Sets New 12-Month High at $139.80
Ladbrokes Coral Group PLC (LON:LCL) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 139.80 ($1.84) and last traded at GBX 135.60 ($1.78), with a volume of 8417042 shares changing hands. The stock had previously closed at GBX 133.70 ($1.76).
A number of research analysts have issued reports on the stock. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 165 ($2.17) target price on shares of Ladbrokes Coral Group PLC in a report on Tuesday, September 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 210 ($2.76) target price on shares of Ladbrokes Coral Group PLC in a report on Tuesday, September 5th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 170 ($2.24) target price on shares of Ladbrokes Coral Group PLC in a report on Wednesday, November 1st. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Ladbrokes Coral Group PLC in a report on Friday, September 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 165 ($2.17) target price on shares of Ladbrokes Coral Group PLC in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 159.82 ($2.10).
The firm also recently declared a dividend, which was paid on Thursday, November 9th. Shareholders of record on Thursday, September 21st were issued a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 1.69%. The ex-dividend date was Thursday, September 21st.
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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 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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