The stock of Ladbrokes Coral Group PLC (LON:LCL) hit a new 52-week low and has GBX 115.50 target or 7.00% below today’s GBX 124.19 share price. The 6 months bearish chart indicates high risk for the GBX 2.38B company. The 1-year low was reported on Nov, 22 by Barchart.com. If the GBX 115.50 price target is reached, the company will be worth GBX 166.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 1.72% or GBX 2.09 on November 22, hitting GBX 124.19. About 4.49 million shares traded hands. Ladbrokes Coral Group PLC (LON:LCL) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
More news for Ladbrokes Coral Group PLC (LON:LCL) were recently published by: Fool.Co.Uk, which released: “Ladbrokes plc rockets as merger with Gala Coral Group Limited set to go ahead” on May 20, 2016. Bloomberg.com‘s article titled: “Ladbrokes to Acquire Coral to Form U.K. Betting-Shop Giant” and published on July 24, 2015 is yet another important article.
Ladbrokes Coral Group plc, formerly Ladbrokes plc, is engaged in the betting and gaming industry. The company has a market cap of 2.38 billion GBP. The Company’s divisions are UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. It has a 18.91 P/E ratio. The UK Retail segment consists of betting activities in the shop estate in Great Britain.
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