Ladbrokes Coral Group’s (LON:LCL) “Overweight” Rating Reaffirmed at Barclays
Ladbrokes Coral Group (LON:LCL)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays in a note issued to investors on Thursday, January 4th. They presently have a GBX 191 ($2.68) price target on the stock. Barclays’ price objective would indicate a potential upside of 12.19% from the stock’s previous close.
A number of other equities research analysts have also commented on LCL. Citigroup upped their target price on Ladbrokes Coral Group from GBX 165 ($2.32) to GBX 200 ($2.81) and gave the company a “buy” rating in a research report on Friday, December 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 133 ($1.87) target price on shares of Ladbrokes Coral Group in a research report on Monday, December 11th. Peel Hunt upped their price objective on Ladbrokes Coral Group from GBX 200 ($2.81) to GBX 230 ($3.23) and gave the stock a “buy” rating in a research report on Friday, December 8th. Goldman Sachs Group lowered Ladbrokes Coral Group to a “neutral” rating and upped their price objective for the stock from GBX 156 ($2.19) to GBX 173 ($2.43) in a research report on Wednesday, December 13th. Finally, Shore Capital restated a “buy” rating on shares of Ladbrokes Coral Group in a research report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 167.87 ($2.36).
Shares of Ladbrokes Coral Group (LON LCL) traded down GBX 0.55 ($0.01) during mid-day trading on Thursday, hitting GBX 170.25 ($2.39). The stock had a trading volume of 4,655,700 shares, compared to its average volume of 9,400,000. Ladbrokes Coral Group has a 1-year low of GBX 110.30 ($1.55) and a 1-year high of GBX 190.15 ($2.67). The stock has a market capitalization of $3,260.00 and a price-to-earnings ratio of -1,064.06.
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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