Barclays PLC Reiterates “Overweight” Rating for Paddy Power Plc (PAP)
Paddy Power Plc (LON:PAP)‘s stock had its “overweight” rating reiterated by Barclays PLC in a note issued to investors on Tuesday. They presently have a £115 ($143.68) price target on the stock.
Several other research firms have also recently weighed in on PAP. Berenberg Bank started coverage on shares of Paddy Power Plc in a research note on Friday, July 22nd. They issued a “sell” rating and a GBX 7,500 ($93.70) target price for the company. Investec raised shares of Paddy Power Plc to a “hold” rating and set a GBX 9,170 ($114.57) target price for the company in a research note on Wednesday, November 2nd. Liberum Capital reissued a “hold” rating and issued a GBX 9,835 ($122.88) target price on shares of Paddy Power Plc in a research note on Friday, November 4th. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 8,650 ($108.07) target price on shares of Paddy Power Plc in a research note on Thursday, August 25th. Finally, HSBC decreased their target price on shares of Paddy Power Plc from £106 ($132.43) to £100 ($124.94) and set a “buy” rating for the company in a research note on Monday, September 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 9,535.50 ($119.13).
About Paddy Power Plc
Paddy Power plc is an Ireland-based international betting and gaming company. The Company provides sports betting services through the Internet (paddypower.com, sportsbet.com.au and iasbet.com.au); through a chain of licensed betting offices (Paddy Power Bookmaker); and by telephone (Dial-a-Bet). It also provides online gaming services principally through paddypower.com, paddypowergames.com, paddypowercasino.com, paddypowerpoker.com and paddypowerbingo.com.
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