Ladbrokes Coral Group PLC (LDCOY) to Issue Semi-Annual Dividend of $0.05

Ladbrokes Coral Group PLC (OTCMKTS:LDCOY) declared a Semi-Annual dividend on Monday, February 26th, Zacks reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.046 per share on Friday, March 30th. The ex-dividend date is Thursday, March 8th.

Shares of OTCMKTS:LDCOY traded up $0.01 during mid-day trading on Thursday, reaching $2.38. 1,600 shares of the company were exchanged, compared to its average volume of 3,752. Ladbrokes Coral Group has a 52 week low of $1.39 and a 52 week high of $2.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.36 and a current ratio of 0.36.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Ladbrokes Coral Group from a “buy” rating to a “hold” rating in a report on Saturday, January 27th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ladbrokes Coral Group in a report on Friday, January 12th. Morgan Stanley reissued an “equal weight” rating on shares of Ladbrokes Coral Group in a research note on Monday, January 8th. Finally, Goldman Sachs cut Ladbrokes Coral Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Ladbrokes Coral Group has an average rating of “Hold” and an average target price of $2.75.

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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.

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