Ladbrokes Coral Group’s (LCL) “Overweight” Rating Reaffirmed at Barclays
Barclays reiterated their overweight rating on shares of Ladbrokes Coral Group (LON:LCL) in a research note released on Wednesday. The brokerage currently has a GBX 191 ($2.59) price objective on the stock.
A number of other equities research analysts have also commented on the company. Citigroup increased their price target on Ladbrokes Coral Group from GBX 165 ($2.24) to GBX 200 ($2.71) and gave the company a buy rating in a research report on Friday, December 8th. Deutsche Bank reissued a buy rating and issued a GBX 170 ($2.31) price target on shares of Ladbrokes Coral Group in a research report on Wednesday, November 1st. Peel Hunt increased their price target on Ladbrokes Coral Group from GBX 200 ($2.71) to GBX 230 ($3.12) and gave the company a buy rating in a research report on Friday, December 8th. Goldman Sachs Group lowered Ladbrokes Coral Group to a neutral rating and increased their price target for the company from GBX 156 ($2.12) to GBX 173 ($2.35) in a research report on Wednesday, December 13th. Finally, Canaccord Genuity reissued a buy rating and issued a GBX 165 ($2.24) price target on shares of Ladbrokes Coral Group in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 168 ($2.28).
Ladbrokes Coral Group (LON LCL) traded down GBX 3.80 ($0.05) during midday trading on Wednesday, reaching GBX 182.30 ($2.47). The company had a trading volume of 16,485,360 shares, compared to its average volume of 13,740,000. The stock has a market cap of $3,490.00 and a price-to-earnings ratio of -1,139.38. 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).
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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