Ladbrokes Coral Group PLC’s (LCL) Buy Rating Reiterated at Shore Capital

Ladbrokes Coral Group PLC (LON:LCL)‘s stock had its “buy” rating reiterated by Shore Capital in a report released on Thursday, May 4th.

Several other analysts have also recently weighed in on LCL. Peel Hunt restated a “buy” rating and set a GBX 200 ($2.58) price target on shares of Ladbrokes Coral Group PLC in a report on Friday, January 13th. Barclays PLC initiated coverage on Ladbrokes Coral Group PLC in a report on Friday, January 13th. They issued an “overweight” rating and a GBX 160 ($2.07) target price on the stock. Liberum Capital restated a “sell” rating and set a GBX 120 ($1.55) price target on shares of Ladbrokes Coral Group PLC in a report on Wednesday, January 18th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 140 ($1.81) price target on shares of Ladbrokes Coral Group PLC in a research report on Wednesday, January 18th. Finally, AlphaValue reissued a “buy” rating and issued a GBX 178 ($2.30) price target on shares of Ladbrokes Coral Group PLC in a research report on Wednesday, January 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 161.33 ($2.08).

Analyst Recommendations for Ladbrokes Coral Group PLC (LON:LCL)

Shares of Ladbrokes Coral Group PLC (LON:LCL) traded up 0.66% during mid-day trading on Thursday, reaching GBX 122.70. 16,354,734 shares of the company’s stock traded hands. The company’s market cap is GBX 2.34 billion. Ladbrokes Coral Group PLC has a 12 month low of GBX 105.60 and a 12 month high of GBX 164.80. The company has a 50 day moving average of GBX 127.31 and a 200 day moving average of GBX 124.80.

The business also recently announced a dividend, which was paid on Thursday, May 18th. Shareholders of record on Thursday, April 6th were paid a GBX 2 ($0.03) dividend. The ex-dividend date was Thursday, April 6th. This represents a yield of 1.5%.

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In related news, insider Stevie Spring bought 38,240 shares of the business’s stock in a transaction on Friday, March 31st. The stock was acquired at an average price of GBX 130 ($1.68) per share, for a total transaction of £49,712 ($64,169.36).

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.

12 Month Chart for LON:LCL

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