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Ladbrokes (LAD) Share Price London Stock Exchange October 29

Things are off to a good start for Ladbrokes shares on the London Stock Exchange. The stock opened at 116.40, up from the previous days close of 115.60. The day so far has seen upward movement for share values, signalling the forecasted turnaround for Ladbrokes is beginning to take hold.

Earlier this month Ladbrokes saw a 52-week low when shares dipped to 108.80, fortunately for shareholders stock is back on the rise.

Brokers are however torn with most leaning towards hold and sell recommendations for investors looking for direction. Todays activity has been dominated by investors carrying through on those recommendations with 62.09% of volumes falling under shares sold.

World Cup results and stronger online performance has been a boon for the gambling giant this month, leaving the company with some breathing room as a forecasted turnaround comes to fruition and reassures shareholdes.

OCA News Editor

Jenny McKinnley is OCAs financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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