Ladbrokes Coral Group PLC (LON:LCL) has earned an average recommendation of “Buy” from the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 174.43 ($2.41).
A number of equities research analysts recently commented on the company. Morgan Stanley lowered Ladbrokes Coral Group to an “equal weight” rating and upped their target price for the company from GBX 198 ($2.74) to GBX 200 ($2.76) in a research report on Monday, January 8th. Shore Capital reiterated a “buy” rating on shares of Ladbrokes Coral Group in a research report on Thursday, January 11th. Citigroup reiterated a “buy” rating on shares of Ladbrokes Coral Group in a research report on Friday, January 12th. JPMorgan Chase & Co. lowered Ladbrokes Coral Group to a “neutral” rating and upped their target price for the company from GBX 133 ($1.84) to GBX 195 ($2.69) in a research report on Friday, January 12th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 191 ($2.64) target price on shares of Ladbrokes Coral Group in a research report on Thursday, January 4th.
In other Ladbrokes Coral Group news, insider Jim Mullen sold 222,190 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of GBX 172 ($2.38), for a total value of £382,166.80 ($528,000.55).
The business also recently disclosed a dividend, which will be paid on Friday, March 23rd. Shareholders of record on Thursday, March 8th will be given a GBX 4 ($0.06) dividend. This represents a yield of 2.49%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Ladbrokes Coral Group’s previous dividend of $2.00.
Ladbrokes Coral Group 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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