Ladbrokes Coral Group PLC (LCL) Receives Average Rating of “Buy” from Brokerages

Shares of Ladbrokes Coral Group PLC (LON:LCL) have been assigned a consensus recommendation of “Buy” from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 165.57 ($2.33).

Several equities research analysts recently commented on LCL shares. Deutsche Bank reissued a “buy” rating and set a GBX 170 ($2.39) price objective on shares of Ladbrokes Coral Group in a research note on Wednesday, November 1st. Berenberg Bank dropped their price objective on shares of Ladbrokes Coral Group from GBX 160 ($2.25) to GBX 155 ($2.18) and set a “buy” rating on the stock in a research note on Wednesday, October 4th. Shore Capital reissued a “buy” rating on shares of Ladbrokes Coral Group in a research note on Monday, January 22nd. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 133 ($1.87) target price on shares of Ladbrokes Coral Group in a research note on Monday, December 11th. Finally, Goldman Sachs Group downgraded shares of Ladbrokes Coral Group to a “neutral” rating and upped their target price for the stock from GBX 156 ($2.19) to GBX 173 ($2.43) in a research note on Wednesday, December 13th.

Ladbrokes Coral Group (LON:LCL) traded down GBX 0.90 ($0.01) during trading hours on Friday, reaching GBX 169.10 ($2.37). 4,892,320 shares of the company traded hands, compared to its average volume of 8,780,000. Ladbrokes Coral Group has a 1-year low of GBX 110.30 ($1.55) and a 1-year high of GBX 190.15 ($2.67). The company has a market capitalization of $3,260.00 and a price-to-earnings ratio of -1,056.88.

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About Ladbrokes Coral Group

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.

Analyst Recommendations for Ladbrokes Coral Group (LON:LCL)

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