Ladbrokes Coral Group (LCL) Downgraded by JPMorgan Chase & Co.

Ladbrokes Coral Group (LON:LCL) was downgraded by JPMorgan Chase & Co. to a “neutral” rating in a note issued to investors on Friday. They presently have a GBX 195 ($2.64) price objective on the stock, up from their previous price objective of GBX 133 ($1.80). JPMorgan Chase & Co.’s target price suggests a potential upside of 5.09% from the stock’s previous close.

Several other equities analysts have also recently issued reports on LCL. Morgan Stanley reissued an “overweight” rating and issued a GBX 210 ($2.85) price objective on shares of Ladbrokes Coral Group in a research note on Monday, October 2nd. Berenberg Bank dropped their price objective on shares of Ladbrokes Coral Group from GBX 160 ($2.17) to GBX 155 ($2.10) and set a “buy” rating on the stock in a research note on Wednesday, October 4th. Canaccord Genuity restated a “buy” rating and set a GBX 165 ($2.24) target price on shares of Ladbrokes Coral Group in a research report on Friday, October 20th. Deutsche Bank restated a “buy” rating and set a GBX 170 ($2.31) target price on shares of Ladbrokes Coral Group in a research report on Wednesday, November 1st. Finally, Peel Hunt restated a “buy” rating and set a GBX 200 ($2.71) target price on shares of Ladbrokes Coral Group in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 168 ($2.28).

Ladbrokes Coral Group (LON:LCL) opened at GBX 185.55 ($2.52) on Friday. The stock has a market cap of $3,570.00 and a price-to-earnings ratio of -1,159.69. Ladbrokes Coral Group has a 12 month low of GBX 110.30 ($1.50) and a 12 month high of GBX 190.15 ($2.58).

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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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