Ladbrokes Coral Group PLC (LCL) Earns Buy Rating from Deutsche Bank AG

Ladbrokes Coral Group PLC (LON:LCL)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank AG in a report released on Wednesday. They currently have a GBX 170 ($2.24) target price on the stock. Deutsche Bank AG’s price objective points to a potential upside of 33.44% from the stock’s current price.

Several other analysts also recently weighed in on LCL. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 177 ($2.34) price objective on shares of Ladbrokes Coral Group PLC in a report on Wednesday, August 23rd. Berenberg Bank decreased their price objective on Ladbrokes Coral Group PLC from GBX 160 ($2.11) to GBX 155 ($2.05) and set a “buy” rating for the company in a report on Wednesday, October 4th. Barclays PLC lifted their price objective on Ladbrokes Coral Group PLC from GBX 155 ($2.05) to GBX 165 ($2.18) and gave the company an “overweight” rating in a report on Friday, July 28th. Morgan Stanley reiterated 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 reiterated 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 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 currently has a consensus rating of “Buy” and an average target price of GBX 159.80 ($2.11).

Shares of Ladbrokes Coral Group PLC (LCL) opened at 128.20 on Wednesday. The stock’s market capitalization is GBX 2.45 billion. The company’s 50-day moving average is GBX 123.98 and its 200 day moving average is GBX 121.31. Ladbrokes Coral Group PLC has a 12 month low of GBX 110.30 and a 12 month high of GBX 139.30.

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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 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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