Deutsche Bank AG Reaffirms Purchase Rating for Ladbrokes Coral Group PLC (LAD)

Deutsche Bank AG Reaffirms Purchase Rating for Ladbrokes Coral Group PLC (LAD)

Ladbrokes Coral Group PLC (LON:LAD)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank AG in a report released on Thursday, StockTargetPrices.com reports. They presently have a GBX 170 ($2.14) price objective on the casino operator’s stock. Deutsche Bank AG’s target price indicates a potential upside of 27.54% from the stock’s current price.

LAD has been the subject of a number of other reports. Liberum Capital reiterated a “sell” rating and issued a GBX 106 ($1.33) price target on shares of Ladbrokes Coral Group PLC in a research note on Monday, February 6th. Morgan Stanley reiterated an “overweight” rating on shares of Ladbrokes Coral Group PLC in a research note on Friday, February 3rd. Goldman Sachs Group Inc reiterated a “buy” rating and issued a GBX 175 ($2.20) price target on shares of Ladbrokes Coral Group PLC in a research note on Tuesday, January 31st. Peel Hunt reiterated a “buy” rating and issued a GBX 200 ($2.51) price target on shares of Ladbrokes Coral Group PLC in a research note on Thursday, January 19th. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 140 ($1.76) price target on shares of Ladbrokes Coral Group PLC in a research note on Wednesday, January 18th. 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 a consensus rating of “Buy” and a consensus target price of GBX 157.07 ($1.97).

Ladbrokes Coral Group PLC (LON:LAD) traded down 0.23% on Thursday, reaching GBX 133.29. The company’s stock had a trading volume of 7,497,446 shares. The stock’s 50 day moving average price is GBX 126.30 and its 200 day moving average price is GBX 127.94. Ladbrokes Coral Group PLC has a 12 month low of GBX 105.60 and a 12 month high of GBX 164.80.

Ladbrokes Coral Group PLC 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, Digital, Core Telephone Betting and High Rollers. 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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