Digital growth drives 'positive' Q3 for Ladbrokes Coral

Ladbrokes Coral Group Plc

Investec Securities's TP would suggest a possible upside of 19.14 % from the last price of the company. Ladbrokes Coral Group PLC has a 12-month low of GBX 110.30 ($1.45) and a 12-month high of GBX 139.30 ($1.83). Peel Hunt reiterated a "hold" rating and set a GBX 137 ($1.74) target price on shares of Ladbrokes PLC in a research report on Tuesday, October 18th. The company now has a consensus rating of "Buy" and a consensus target price of GBX 159.80 ($2.10).

In a trading update, Ladbrokes Coral said that total net revenue during the four months to October 29 increased by 3% on a year-on-year basis. The original version of this report can be accessed at investing/goldman-sachs-group-inc-reiterates-buy-rating-for-ladbrokes-plc-lad/1118422.html. Canaccord Genuity reiterated a "buy" rating and issued a GBX 165 ($2.17) target price on shares of Ladbrokes Coral Group PLC in a research report on Friday, July 28th. The stock of Ladbrokes Coral Group PLC (LON:LCL) has "Hold" rating given on Wednesday, January 18 by Numis Securities. As per Monday, May 8, the company rating was maintained by Berenberg. The company was maintained on Tuesday, March 28 by Liberum Capital. The rating was maintained by Shore Capital with "Buy" on Thursday, July 27.

It has been well documented that Ladbrokes Coral will be the most affected United Kingdom betting Plc, should the United Kingdom government adopt stringent restrictions on FOBTs machine wagering policy. It has underperformed by 16.70% the S&P500.

The amount generated by sports betting in its British shops dipped 4pc in the period, while revenues from their machines were flat, leaving total United Kingdom retail net revenue down 1pc.

The government plans to cap the size of stakes gamblers can make on FOBTs, reducing them from £100 now to between £50 and £2.

"In UK retail, performance improved in line with our expectations primarily driven by the return of all horse-racing content to our shops". Also Seekingalpha.com published the news titled: "Ladbrokes Coral Group's (LDBKF) CEO Jim Mullen on Q2 2017 Results - Earnings ..." on August 31, 2017. Ladbrokes Coral governance details that it has moved to strengthen racing content within its United Kingdom betting estates by agreeing on a new content deal with The Racing Partnership. Marketwatch.com's news article titled: "133.00" with publication date: November 04, 2016 was also an interesting one.

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