Considering they have a history stretching back to 1886, it might not be surprising they have came quite far. As the worlds biggest gambling company Ladbrokes serves millions of customers. They have had the time to own Hilton Group (outside US) and did merge with their rival Gala Coral Group. Coming from having countless betting shops Ladbrokes Casino now is a part of the massive online casino world that has exploded recently.
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Morgan Stanley Increases Ladbrokes Coral Group PLC (LAD) Price Target to GBX 200
Ladbrokes Coral Group PLC (LON:LAD) had its price objective hoisted by equities research analysts at Morgan Stanley from GBX 190 ($2.37) to GBX 200 ($2.50) in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the casino operator’s stock. Morgan Stanley’s price target would suggest a potential upside of 50.05% from the stock’s current price.
Ladbrokes Coral Group plc, formerly Ladbrokes plc, is engaged in the betting and gaming industry. The Company’s segments are UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. 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. read more at thecerbatgem.com