Morgan Stanley Reiterates “Equal Weight” Rating for Ladbrokes (OTCMKTS:LDCOY)

Morgan Stanley restated their equal weight rating on shares of Ladbrokes (OTCMKTS:LDCOY) in a research note published on Monday, January 8th.

A number of other equities research analysts have also issued reports on LDCOY. Zacks Investment Research lowered shares of Ladbrokes from a buy rating to a hold rating in a report on Monday, October 2nd. Goldman Sachs Group lowered shares of Ladbrokes from a buy rating to a neutral rating in a report on Tuesday, December 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $1.75.

Ladbrokes (OTCMKTS:LDCOY) traded up $0.11 during trading hours on Monday, reaching $2.63. 4,216 shares of the company’s stock were exchanged, compared to its average volume of 3,905. Ladbrokes has a 52 week low of $1.39 and a 52 week high of $2.65. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.66.

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Ladbrokes 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.

Analyst Recommendations for Ladbrokes (OTCMKTS:LDCOY)

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