ILLEGAL ACTIVITY NOTICE: "Barclays PLC Reiterates "Overweight" Rating for Ladbrokes Coral Group PLC (LAD)" was first reported by BBNS and is owned by of BBNS. Davy Research raised shares of Ladbrokes Coral Group PLC from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 18th.
The company said this was driven primarily by "cost savings identified through procurement, IT and the harmonising of horse racing gross win margins across the UK Retail brands". It now has negative earnings. The stock presently has a consensus rating of Buy and a consensus price target of GBX 155.88 ($2.03). This rating was released in a report on 28 July.
Ladbrokes has been trying to increase its share of the online gambling market as a possible crackdown by the government on profitable betting terminals in high street shops threatens to hit its retail operations. GBX 158.93's average target is 28.58% above currents GBX 123.6 stock price. had 40 analyst reports since November 1, 2016 according to SRatingsIntel. The firm has "Buy" rating by UBS given on Tuesday, January 24. The firm earned "Buy" rating on Thursday, September 29 by TH Capital. The firm earned "Sell" rating on Wednesday, January 18 by Liberum Capital. Barclays Capital has "Overweight" rating and GBX 160 target. On Wednesday, January 18 the stock rating was maintained by Canaccord Genuity with "Buy". The rating was maintained by Shore Capital with "Buy" on Tuesday, November 1. Investec maintained Ladbrokes Coral Group PLC (LON:LCL) on Wednesday, July 26 with "Buy" rating.
Updating investors, Ladbrokes Coral governance details that it expects Total Group net revenue to be 1% ahead of past year (cc -1%), with total group operating profit for H1 2017 to be within the range £153.3 - £158.3 million range, up 4-7% ahead of H1 2016.
About 5.61M shares traded.
Barclays PLC reaffirmed their overweight rating on shares of Ladbrokes Coral Group PLC (LON:LAD) in a report published on Monday, July 17th, StockTargetPrices.com reports. It has underperformed by 16.70% the S&P500.
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