Ladbrokes Coral Group PLC’s (LCL) Overweight Rating Reaffirmed at Morgan Stanley
Morgan Stanley restated their overweight rating on shares of Ladbrokes Coral Group PLC (LON:LCL) in a research report sent to investors on Monday. Morgan Stanley currently has a GBX 210 ($2.79) price objective on the stock.
Several other research analysts also recently weighed in on the stock. J P Morgan Chase & Co initiated coverage on shares of Ladbrokes Coral Group PLC in a research report on Wednesday, June 21st. They issued an overweight rating and a GBX 133 ($1.76) price target on the stock. Barclays PLC reissued an overweight rating and set a GBX 165 ($2.19) price objective on shares of Ladbrokes Coral Group PLC in a research report on Tuesday, September 5th. Shore Capital restated a buy rating on shares of Ladbrokes Coral Group PLC in a research note on Thursday, August 31st. Canaccord Genuity restated a buy rating and issued a GBX 165 ($2.19) price objective on shares of Ladbrokes Coral Group PLC in a research note on Friday, July 28th. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 138 ($1.83) price objective on shares of Ladbrokes Coral Group PLC in a research note on Thursday, August 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 160.13 ($2.12).
Ladbrokes Coral Group PLC (LON:LCL) opened at 123.10 on Monday. The company’s market cap is GBX 2.36 billion. The firm has a 50-day moving average price of GBX 119.45 and a 200 day moving average price of GBX 122.00. Ladbrokes Coral Group PLC has a 52 week low of GBX 110.30 and a 52 week high of GBX 145.10.
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The company also recently disclosed a dividend, which will be paid on Thursday, November 9th. Stockholders of record on Thursday, September 21st will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, September 21st. This represents a dividend yield of 1.69%.
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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