Barclays Trims Paddy Power Betfair (PPB) Target Price to GBX 6,400
Paddy Power Betfair (LON:PPB) had its price objective decreased by Barclays from GBX 6,700 ($87.55) to GBX 6,400 ($83.63) in a research report issued to clients and investors on Tuesday. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 14.39% from the company’s previous close.
A number of other research analysts also recently commented on PPB. Numis Securities reiterated a “hold” rating and issued a GBX 6,300 ($82.32) price objective on shares of Paddy Power Betfair in a report on Wednesday, March 6th. Peel Hunt restated a “reduce” rating and set a GBX 6,000 ($78.40) price target on shares of Paddy Power Betfair in a research note on Wednesday, March 6th. Shore Capital restated a “sell” rating on shares of Paddy Power Betfair in a research note on Wednesday, March 6th. HSBC upgraded Paddy Power Betfair to a “hold” rating and raised their price target for the stock from GBX 6,000 ($78.40) to GBX 6,350 ($82.97) in a research note on Wednesday, February 6th. Finally, Jefferies Financial Group began coverage on Paddy Power Betfair in a research note on Monday, February 4th. They set a “buy” rating and a GBX 7,900 ($103.23) price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 6,627.27 ($86.60).
PPB opened at GBX 5,595 ($73.11) on Tuesday. Paddy Power Betfair has a one year low of GBX 6,572.50 ($85.88) and a one year high of GBX 8,967 ($117.17).
Paddy Power Betfair Company Profile
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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