Berenberg Bank lowered shares of Paddy Power Betfair (LON:PPB) to a sell rating in a research note released on Thursday morning. The brokerage currently has GBX 7,600 ($103.06) price objective on the stock.

Several other equities analysts have also commented on the stock. HSBC upped their price objective on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the stock a reduce rating in a report on Thursday, November 2nd. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 8,420 ($114.18) price objective on shares of Paddy Power Betfair in a report on Thursday, November 2nd. upped their price objective on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the stock a reduce rating in a report on Thursday, November 2nd. Barclays restated an overweight rating and issued a GBX 9,400 ($127.47) price objective on shares of Paddy Power Betfair in a report on Thursday, January 4th. Finally, Deutsche Bank restated a buy rating and issued a £105 ($142.39) price objective on shares of Paddy Power Betfair in a report on Monday, October 2nd. Six analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Paddy Power Betfair presently has an average rating of Hold and an average price target of GBX 8,082.50 ($109.61).

Shares of Paddy Power Betfair (LON PPB) opened at GBX 8,490 ($115.13) on Thursday. Paddy Power Betfair has a one year low of GBX 6,572.50 ($89.13) and a one year high of GBX 8,967 ($121.60). The firm has a market cap of $7,170.00 and a P/E ratio of 5,407.64.

In other Paddy Power Betfair news, insider Alexander Gersh sold 20,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of GBX 8,273 ($112.19), for a total transaction of £1,654,600 ($2,243,829.67).

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Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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