Paddy Power Betfair Plc (LON:PPB) had its price objective lowered by investment analysts at Berenberg Bank from GBX 8,300 ($107.19) to GBX 7,600 ($98.15) in a research report issued to clients and investors on Wednesday. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 5.70% from the stock’s previous close.

PPB has been the subject of a number of other research reports. Investec lowered shares of Paddy Power Betfair Plc to a “sell” rating and decreased their price objective for the company from £100 ($129.15) to GBX 6,970 ($90.02) in a report on Friday, July 21st. Peel Hunt cut their target price on shares of Paddy Power Betfair Plc from £110 ($142.06) to £100 ($129.15) and set a “buy” rating on the stock in a research report on Monday, July 10th. Barclays PLC reissued an “overweight” rating and set a GBX 9,550 ($123.34) target price on shares of Paddy Power Betfair Plc in a research report on Friday, August 4th. Deutsche Bank AG reissued a “buy” rating and set a £105 ($135.61) target price on shares of Paddy Power Betfair Plc in a research report on Thursday, August 31st. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a £113 ($145.94) target price on shares of Paddy Power Betfair Plc in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Paddy Power Betfair Plc presently has a consensus rating of “Hold” and an average price target of GBX 8,908.33 ($115.05).

Paddy Power Betfair Plc (LON:PPB) opened at 7150.00 on Wednesday. The stock’s market cap is GBX 6.01 billion. Paddy Power Betfair Plc has a 12 month low of GBX 6,635.00 and a 12 month high of GBX 9,219.80. The company’s 50 day moving average is GBX 7,316.08 and its 200 day moving average is GBX 8,159.60.

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

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