Morgan Stanley reissued their overweight rating on shares of Ladbrokes Coral Group PLC (LON:LCL) in a research note released on Monday. Morgan Stanley currently has a GBX 210 ($2.79) price target on the stock.
A number of other equities analysts have also recently issued reports on the stock. Berenberg Bank reiterated a buy rating and issued a GBX 160 ($2.12) price target on shares of Ladbrokes Coral Group PLC in a research note on Tuesday, September 5th. Barclays PLC restated an overweight rating and set a GBX 165 ($2.19) target price on shares of Ladbrokes Coral Group PLC in a research note on Tuesday, September 5th. J P Morgan Chase & Co restated an overweight rating on shares of Ladbrokes Coral Group PLC in a research note on Friday, September 1st. Peel Hunt restated a buy rating and set a GBX 200 ($2.65) target price on shares of Ladbrokes Coral Group PLC in a research note on Thursday, August 31st. Finally, Numis Securities Ltd restated a hold rating and set a GBX 138 ($1.83) target price on shares of Ladbrokes Coral Group PLC in a research note on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 159.80 ($2.12).
Ladbrokes Coral Group PLC (LON LCL) opened at 122.50 on Monday. The company’s 50 day moving average is GBX 119.79 and its 200-day moving average is GBX 121.96. The company’s market capitalization is GBX 2.35 billion. Ladbrokes Coral Group PLC has a 52-week low of GBX 110.30 and a 52-week high of GBX 143.00.
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The firm also recently disclosed a dividend, which will be paid on Thursday, November 9th. Stockholders of record on Thursday, September 21st will be paid a GBX 2 ($0.03) dividend. This represents a dividend yield of 1.69%. The ex-dividend date is Thursday, September 21st.
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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