Paddy Power Plc (PAP) Given Average Recommendation of “Buy” by Brokerages
Shares of Paddy Power Plc (LON:PAP) have earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 9,370 ($121.18).
PAP has been the topic of a number of analyst reports. Peel Hunt reiterated a “buy” rating and set a £110 ($142.27) price objective on shares of Paddy Power Plc in a research note on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) dropped their price objective on Paddy Power Plc from £110.35 ($142.72) to £106.60 ($137.87) and set a “buy” rating on the stock in a research note on Monday, August 21st. Barclays PLC reiterated an “overweight” rating and set a GBX 9,550 ($123.51) price objective on shares of Paddy Power Plc in a research note on Friday, August 4th. Shore Capital reiterated a “hold” rating on shares of Paddy Power Plc in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co initiated coverage on Paddy Power Plc in a research note on Wednesday, June 21st. They set a “neutral” rating and a GBX 8,420 ($108.90) price objective on the stock.
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