Ladbrokes Coral Group PLC (LCL) Earns Buy Rating from Canaccord Genuity

Ladbrokes Coral Group PLC (LON:LCL)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued on Tuesday. They presently have a GBX 165 ($2.18) target price on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 31.68% from the company’s current price.

A number of other analysts have also recently weighed in on LCL. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 177 ($2.34) target price on shares of Ladbrokes Coral Group PLC in a research note on Wednesday, August 23rd. Berenberg Bank lowered their target price on shares of Ladbrokes Coral Group PLC from GBX 160 ($2.11) to GBX 155 ($2.05) and set a “buy” rating on the stock in a research note on Wednesday, October 4th. Barclays PLC upped their target price on shares of Ladbrokes Coral Group PLC from GBX 155 ($2.05) to GBX 165 ($2.18) and gave the company an “overweight” rating in a research note on Friday, July 28th. Morgan Stanley reissued an “overweight” rating and issued a GBX 210 ($2.77) target price on shares of Ladbrokes Coral Group PLC in a research note on Monday, October 2nd. Finally, Investec reissued a “buy” rating and issued a GBX 160 ($2.11) target price on shares of Ladbrokes Coral Group PLC in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company’s stock. Ladbrokes Coral Group PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 159.80 ($2.11).

Ladbrokes Coral Group PLC (LON LCL) opened at 127.30 on Tuesday. The firm’s market capitalization is GBX 2.44 billion. The company has a 50-day moving average price of GBX 123.88 and a 200-day moving average price of GBX 121.31. Ladbrokes Coral Group PLC has a 1-year low of GBX 110.30 and a 1-year high of GBX 139.30.

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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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