Paddy Power Betfair Plc (PPB) Now Covered by Peel Hunt
Equities researchers at Peel Hunt assumed coverage on shares of Paddy Power Betfair Plc (LON:PPB) in a report released on Wednesday. The firm set a “buy” rating and a £110 ($137.43) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 26.15% from the stock’s current price.
PPB has been the subject of a number of other reports. Liberum Capital reiterated an “add” rating on shares of Paddy Power Betfair Plc in a report on Tuesday, September 6th. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 8,650 ($108.07) target price on shares of Paddy Power Betfair Plc in a report on Wednesday, August 24th. Davy Research reiterated an “outperform” rating on shares of Paddy Power Betfair Plc in a report on Tuesday, November 1st. Barclays PLC reiterated an “overweight” rating on shares of Paddy Power Betfair Plc in a report on Tuesday, November 15th. Finally, Numis Securities Ltd reiterated an “add” rating and issued a £100 ($124.94) target price on shares of Paddy Power Betfair Plc in a report on Monday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Paddy Power Betfair Plc presently has a consensus rating of “Hold” and a consensus target price of GBX 9,843.46 ($122.98).
Shares of Paddy Power Betfair Plc (LON:PPB) opened at 8725.00 on Wednesday. The company’s market cap is GBX 7.25 billion. Paddy Power Betfair Plc has a 52 week low of GBX 6,525.00 and a 52 week high of GBX 14,275.00. The stock’s 50 day moving average price is GBX 8,683.65 and its 200-day moving average price is GBX 8,865.76.
In related news, insider Alexander Gersh sold 40,000 shares of Paddy Power Betfair Plc stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of GBX 9,087 ($113.53), for a total transaction of £3,634,800 ($4,541,229.39).
TRADEMARK VIOLATION WARNING: “Paddy Power Betfair Plc (PPB) Now Covered by Peel Hunt” was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another domain, it was copied illegally and republished in violation of international trademark and copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2016/11/25/paddy-power-betfair-plc-ppb-now-covered-by-peel-hunt.html.
Receive News & Stock Ratings for Paddy Power Betfair Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paddy Power Betfair Plc and related stocks with our FREE daily email newsletter.