Brokerages Set Paddy Power Betfair PLC (PPB) Price Target at $7,273.33
Paddy Power Betfair PLC (LON:PPB) has been assigned an average recommendation of “Hold” from the seventeen research firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 7,273.33 ($96.84).
A number of research analysts have recently commented on PPB shares. Berenberg Bank upped their target price on Paddy Power Betfair from GBX 6,600 ($87.87) to GBX 7,000 ($93.20) and gave the company a “sell” rating in a research note on Monday, June 4th. Citigroup reaffirmed a “neutral” rating on shares of Paddy Power Betfair in a research note on Thursday, May 24th. Deutsche Bank reaffirmed a “buy” rating on shares of Paddy Power Betfair in a research note on Thursday, May 17th. Credit Suisse Group cut their target price on Paddy Power Betfair from GBX 7,800 ($103.85) to GBX 7,400 ($98.52) and set a “neutral” rating on the stock in a research note on Thursday, May 3rd. Finally, Numis Securities reaffirmed an “add” rating and set a GBX 8,320 ($110.77) target price on shares of Paddy Power Betfair in a research note on Wednesday, May 2nd.
Paddy Power Betfair traded up GBX 40 ($0.53), hitting GBX 8,605 ($114.57), during trading hours on Monday, according to Marketbeat. 126,535 shares of the company were exchanged, compared to its average volume of 192,747. Paddy Power Betfair has a 52 week low of GBX 6,572.50 ($87.50) and a 52 week high of GBX 8,967 ($119.38).
About Paddy Power Betfair
Paddy Power Betfair plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the Unites States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports betting and pari-mutuel betting products; fixed odds games betting; online games and casino; peer to peer games, including online bingo and poker; and business-to-business services.
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