Online growth boosts Ladbrokes Coral revenues by 3pc

Aubrey Yates
November 14, 2017

They presently have a GBX 170 ($2.16) target price on the casino operator's stock. Ladbrokes PLC has a 1-year low of GBX 105.60 and a 1-year high of GBX 164.80. 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 stock now has a consensus rating of "Buy" and a consensus price target of GBX 159.62 ($2.10).

Closing in on its first full-year of post-merger operations, Ladbrokes Coral reports improved Q3 group net revenues of 3%, primarily driven by a 12% net revenue uplift in its group digital assets. The firm has "Buy" rating given on Monday, November 13 by Shore Capital. 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 target price means a potential upside of 19.14 % from the last price of Ladbrokes Coral Group (LON:LCL). Liberum Capital maintained Ladbrokes Coral Group PLC (LON:LCL) rating on Monday, February 6. The correct version of this piece of content can be read at https://www.truebluetribune.com/2017/11/13/shore-capital-reaffirms-buy-rating-for-ladbrokes-coral-group-plc-lad.html. As per Friday, September 1, the company rating was maintained by JP Morgan. The rating was maintained by Deutsche Bank on Wednesday, December 28 with "Buy". Goldman Sachs maintained it with "Buy" rating and GBX 177 target in Thursday, March 30 report.

Revenues at Ladbrokes Coral have bounced back as strong growth from the digital business offset a drop in takings at the betting giant's retail stores. It has underperformed by 16.70% the S&P500. Seekingalpha.com's news article titled: "Ladbrokes Coral Group's (LDBKF) CEO Jim Mullen on Q2 2017 Results - Earnings ..." with publication date: August 31, 2017 was also an interesting one.

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The company, which is the UK's largest bookmaker, said on Monday that digital net revenue had jumped by 12 per cent, largely thanks to an 18 per cent increase in sportsbook net revenue. It now has negative earnings. Also Marketwatch.com published the news titled: "Ladbrokes Coral revenue up; trading in line" on May 04, 2017.

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