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).

Analyst Recommendations for Paddy Power Betfair Plc (LON:PPB)

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).

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