Analysts at Macquarie started coverage on shares of Paddy Power Betfair Plc (LON:PPB) in a report released on Wednesday. The firm set an “outperform” rating and a GBX 8,500 ($111.75) price target on the stock. Macquarie’s price target would indicate a potential upside of 12.81% from the company’s current price.

PPB has been the subject of a number of other research reports. Investec downgraded shares of Paddy Power Betfair Plc to a “sell” rating and cut their price target for the stock from £100 ($131.48) to GBX 6,970 ($91.64) in a report on Friday, July 21st. Peel Hunt cut their price target on shares of Paddy Power Betfair Plc from £110 ($144.62) to £100 ($131.48) and set a “buy” rating for the company in a report on Monday, July 10th. Barclays PLC restated an “overweight” rating and set a GBX 9,550 ($125.56) price target on shares of Paddy Power Betfair Plc in a report on Friday, August 4th. HSBC Holdings plc cut their price target on shares of Paddy Power Betfair Plc from GBX 6,900 ($90.72) to GBX 5,700 ($74.94) and set a “reduce” rating for the company in a report on Thursday, September 21st. Finally, Deutsche Bank AG restated a “buy” rating and set a £105 ($138.05) price target on shares of Paddy Power Betfair Plc in a report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 8,596.43 ($113.02).

Paddy Power Betfair Plc (PPB) opened at 7535.00 on Wednesday. The stock’s market cap is GBX 6.33 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 firm’s 50 day moving average price is GBX 7,202.64 and its 200 day moving average price is GBX 7,934.67.

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

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