Shore Capital Reaffirms “Buy” Rating for Ladbrokes Coral Group (LCL)
Several other equities research analysts have also recently commented on the company. Citigroup increased their price objective on Ladbrokes Coral Group from GBX 165 ($2.28) to GBX 200 ($2.76) and gave the company a buy rating in a research report on Friday, December 8th. Barclays increased their price objective on Ladbrokes Coral Group from GBX 165 ($2.28) to GBX 191 ($2.64) and gave the company an overweight rating in a research report on Friday, December 8th. Deutsche Bank reaffirmed a buy rating and set a GBX 170 ($2.35) price objective on shares of Ladbrokes Coral Group in a research report on Wednesday, November 1st. Peel Hunt increased their price objective on Ladbrokes Coral Group from GBX 200 ($2.76) to GBX 230 ($3.18) and gave the company a buy rating in a research report on Friday, December 8th. Finally, Goldman Sachs Group cut Ladbrokes Coral Group to a neutral rating and increased their price objective for the company from GBX 156 ($2.16) to GBX 173 ($2.39) in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 171.40 ($2.37).
Shares of Ladbrokes Coral Group (LON:LCL) opened at GBX 163.60 ($2.26) on Monday. Ladbrokes Coral Group has a 12-month low of GBX 110.30 ($1.52) and a 12-month high of GBX 190.15 ($2.63). The company has a market capitalization of $3,140.00 and a price-to-earnings ratio of -1,022.50.
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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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