8 Dec 2016 17:01
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Ladbrokes Coral Share News (LCL)
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Ladbrokes Coral Information
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Don't have an account? Click here to register.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.
More News
8 Dec 2016 10:04
Ladbrokes and William Hill fall on reports of betting terminal crackdown
(ShareCast News) - A report that hinted at a potential government crackdown on fixed odds betting terminals sent shares in bookmakers Ladbrokes Coral and William Hill tumbling on Thursday. FOBTs should have their maximum stake cut from £100 per spin to as low as £2, a group of Conservative and Labou
Read more7 Nov 2016 10:16
Bookmakers favour Clinton as record number of bets rain in
(ShareCast News) - As the hype surrounding the US presidential election reaches fever pitch, bookmakers are seeing record numbers of flutters for a political event, according to Betfair. National opinion polls show a tight race ahead of Tuesday's final polling day, with results set to come out late
Read more4 Nov 2016 11:02
Friday broker round-up
(ShareCast News) - Coca Cola HBC: Barclays keeps at underweight with a target price of 1630p. Smith & Nephew: Jefferies stays at buy, 1395p target. Merlin Entertainments: Berenberg starts coverage with a 440p target. South 32: Barclays reiterates overweight with a 200p target. Ladbrokes: UBS keep
Read more2 Nov 2016 10:22
Investec downgrades William Hill and Ladbrokes Coral, rotates into online
(ShareCast News) - Investec downgraded William Hill and Ladbrokes Coral as it rotated its chips on more digital-focused gambling stocks Playtech, 888 and GVC. Hill's was cut to 'sell' from 'reduce' and its target price to 243p from 289p, while the newly merged Ladbrokes Coral was given an 'add' rati
Read more1 Nov 2016 12:25
Broker tips: Centamin, Ladbrokes Coral, Amec Foster Wheeler
(ShareCast News) - Numis on Tuesday lowered its recommendation on Centamin to 'hold' from 'add' and left its target price at 170p following the recent rally in the share price. Centamin on Monday said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and
Read more1 Nov 2016 08:48
Ladbrokes Coral begins at 'overweight' with Morgan Stanley
(ShareCast News) - As Ladbrokes Coral completed its merger and began its first day of trading as a combined entity on Tuesday, analysts gave their initial takes on the stock, which will trade under the ticker LCL. Morgan Stanley put the bookmaking group, which begins life with a market cap of close
Read more