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Pin to quick picksLadbrokes Coral Share News (LCL)

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UBS downgrades William Hill, prefers Ladbrokes Coral

Tue, 24th Jan 2017 09:55

(ShareCast News) - UBS downgraded William Hill to 'sell' from 'neutral' and cut the price target to 240p from 295p, saying the market has not priced in the fixed odds betting terminal risk for the bookmaker.UBS reckons the market is pricing in either no downside risk to Retail earnings before interest and taxes or a multiple for the Online business which it views as stretched given Online key performance indicators and the latest app download trends from its UBS Evidence Lab study.The bank has cut its valuation multiple for the Retail business from 8x to 5x EBITDA to reflect the regulatory risk, and this drives the target price cut and rating downgrade."With increasing regulation and volatility of sports results, coupled with current valuations, we believe it prudent to have a neutral exposure to the sector with clear preference for Ladbrokes Coral," UBS said.UBS said data shows that for William Hill in the UK, the share of app downloads has fallen from 22% in the first half of 2014 to just 10% in the second half of 2016.The bank said it continues to prefer Ladbrokes Coral, which it rates at 'buy'."We see LCL as having more regulatory risk priced in, while the WMH shares fail to reflect this risk, and our data suggests WMH Online will not show a significant recovery in the near term."At 1022 GMT, the shares were down 3.9% to 266p.
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8 Mar 2018 11:04

BRIEF-GVC Holdings Says Shareholders At EGM Vote To Approve Ladbrokes Deal ??

March 8 (Reuters) - GVC Holdings Plc: * GVC HOLDINGS PLC SAYS 99.97 PERCENT SHAREHOLDERS AT EGM VOTE TO APPROVE LADBROKES DEAL ?? Source text for Eikon: Further company

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6 Mar 2018 06:59

Moody's Gives GVC Ba2 Rating With Stable Outlook Amid Ladbrokes Merger

LONDON (Alliance News) - Moody's Investors Service on Tuesday assigned gaming operator GVC Holdings PLC a Ba2 corporate family rating, along with its senior secured with a

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5 Mar 2018 12:10

Ex-divs to take 8.3 points off FTSE 100 on March 8

LONDON, March 5 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. to at

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15 Feb 2017 08:46

London open: Stocks edge higher ahead of employment data

(ShareCast News) - London stocks edged higher in early trade, taking their cue from a positive session in the US, where equities were boosted by unexpectedly hawkish comments from Federal Reserve chair Janet Yellen, as investors eyed some key figures on unemployment and wages. At 0825 GMT, the FTSE

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15 Feb 2017 08:16

HSBC downgrades bookmakers as 'series of risks' looms

(ShareCast News) - HSBC downgraded shares in William Hill, Ladbrokes Coral and Paddy Power Betfair as they face a consumer spending slowdown and a series of other risks in the coming months. Hills and Laddies were moved to 'reduce' ratings from their previous 'hold' and PPB to 'hold' from 'buy'. As

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24 Jan 2017 16:16

Tuesday broker round-up

(ShareCast News) - SSE: Macquarie reiterates outperform with a target price of 1735p. Easyjet: Numis reiterates hold, 1050p target. William Hill: UBS downgrades to sell with a 240p target. Standard Life: UBS downgrades to sell with a 310p target. Beazley: JP Morgan reiterates overweight with a 46

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24 Jan 2017 10:11

Ladbrokes Coral Adds WH Smith Non-Executive Durbin In Same Role

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19 Jan 2017 09:35

BROKER RATINGS SUMMARY: UBS And Credit Suisse Differ On Utility Stocks

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18 Jan 2017 12:15

LONDON MARKET MIDDAY: Soft Pound Supports FTSE 100 But Pearson Falls

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18 Jan 2017 10:29

WINNERS & LOSERS SUMMARY: Profit Warnings Crush Pearson, Premier Foods

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18 Jan 2017 08:33

LONDON MARKET OPEN: Pearson, Mitie, Premier Foods Give Profit Warnings

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18 Jan 2017 07:41

Ladbrokes Coral remains on target despite tough December

(ShareCast News) - Recently amalgamated betting firm Ladbrokes Coral Group issued a trading statement for the unaudited year to 31 December on Wednesday, with proforma group operating profit for the full year expected to be within the range of £275m-£285m. The FTSE 250 company said that consists of

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18 Jan 2017 07:39

TOP NEWS: Ladbrokes Coral Expects Profit In Line On Strong Digital Arm

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13 Jan 2017 09:27

Friday broker round-up

(ShareCast News) - Tesco: Goldman Sachs reiterates Sell on target price of 150p. Ladbrokes Coral: Barclays starts coverage with Overweight (previously Rating Suspended) on target price of 160p. Premier Oil: Barclays upgrades to Equal Weight on target price of 100p. Randgold Resources: Berenberg up

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