Berenberg Bank Trims Ladbrokes Coral Group PLC (LCL) Target Price to GBX 155

Ladbrokes Coral Group PLC (LON:LCL) had its target price lowered by Berenberg Bank from GBX 160 ($2.12) to GBX 155 ($2.06) in a report published on Wednesday. Berenberg Bank currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. J P Morgan Chase & Co assumed coverage on shares of Ladbrokes Coral Group PLC in a report on Wednesday, June 21st. They issued an overweight rating and a GBX 133 ($1.76) target price on the stock. Morgan Stanley reiterated an overweight rating and issued a GBX 210 ($2.79) target price on shares of Ladbrokes Coral Group PLC in a report on Tuesday, September 5th. Barclays PLC reiterated an overweight rating and issued a GBX 165 ($2.19) target price on shares of Ladbrokes Coral Group PLC in a report on Tuesday, September 5th. Shore Capital reiterated a buy rating on shares of Ladbrokes Coral Group PLC in a report on Thursday, August 31st. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 165 ($2.19) target price on shares of Ladbrokes Coral Group PLC in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. Ladbrokes Coral Group PLC presently has a consensus rating of Buy and an average price target of GBX 159.80 ($2.12).

Ladbrokes Coral Group PLC (LON LCL) opened at 123.90 on Wednesday. Ladbrokes Coral Group PLC has a one year low of GBX 110.30 and a one year high of GBX 142.90. The company has a 50 day moving average of GBX 120.03 and a 200-day moving average of GBX 121.98. The company’s market cap is GBX 2.37 billion.

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The firm also recently announced a dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, September 21st will be paid a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.69%. The ex-dividend date is Thursday, September 21st.

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.

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

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