Peel Hunt Initiates Coverage on Paddy Power Plc (PAP)
Research analysts at Peel Hunt initiated coverage on shares of Paddy Power Plc (LON:PAP) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating and a £110 ($137.43) price target on the stock.
Several other research firms have also commented on PAP. HSBC lowered their price target on shares of Paddy Power Plc from £100 ($124.94) to GBX 9,850 ($123.06) and set a “buy” rating on the stock in a research report on Tuesday, November 8th. Numis Securities Ltd reiterated an “add” rating and issued a £100 ($124.94) price target on shares of Paddy Power Plc in a research report on Monday, November 7th. Barclays PLC reiterated an “overweight” rating and issued a £115 ($143.68) price target on shares of Paddy Power Plc in a research report on Monday, November 7th. Goodbody reiterated a “buy” rating on shares of Paddy Power Plc in a research report on Friday, November 4th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 9,835 ($122.88) price target on shares of Paddy Power Plc in a research report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Paddy Power Plc has an average rating of “Hold” and an average target price of GBX 9,668.64 ($120.80).
Paddy Power Plc Company Profile
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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