JPMorgan Chase & Co. lowered shares of Ladbrokes Coral Group (LON:LCL) to a neutral rating in a report published on Friday. JPMorgan Chase & Co. currently has GBX 195 ($2.64) price objective on the stock, up from their previous price objective of GBX 133 ($1.80).
Several other brokerages have also recently weighed in on LCL. Morgan Stanley cut shares of Ladbrokes Coral Group to an equal weight rating and raised their price target for the company from GBX 198 ($2.69) to GBX 200 ($2.71) in a research report on Monday, January 8th. Shore Capital reaffirmed a buy rating on shares of Ladbrokes Coral Group in a research report on Thursday. Citigroup reaffirmed a buy rating on shares of Ladbrokes Coral Group in a research report on Friday. Barclays reaffirmed an overweight rating and issued a GBX 191 ($2.59) price target on shares of Ladbrokes Coral Group in a research report on Thursday, January 4th. Finally, Peel Hunt raised their price target on shares of Ladbrokes Coral Group from GBX 200 ($2.71) to GBX 230 ($3.12) and gave the company a buy rating in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 168 ($2.28).
Ladbrokes Coral Group (LCL) opened at GBX 181.70 ($2.46) on Friday. Ladbrokes Coral Group has a 1 year low of GBX 110.30 ($1.50) and a 1 year high of GBX 190.15 ($2.58). The firm has a market cap of $3,490.00 and a PE ratio of -1,135.63.
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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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