Betfair Group’s “Sell” Rating Reaffirmed at Investec (BET)
Betfair Group (LON: BET)‘s stock had its “sell” rating restated by analysts at Investec in a research report issued to clients and investors on Thursday. They currently have a $8.79 (585 GBX) price target on the stock.
A number of other firms have also recently commented on BET. Analysts at Investec Securities reiterated a “sell” rating on shares of Betfair Group in a research note to investors on Thursday. They now have a $8.79 price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Betfair Group in a research note to investors on Friday, March 1st. They now have a $11.43 price target on the stock, up previously from $11.43. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Betfair Group in a research note to investors on Monday, February 18th. They now have a $15.52 price target on the stock.
Betfair Group traded up 4.58% on Thursday, hitting GBX 719.50. Betfair Group has a 1-year low of GBX 641.51 and a 1-year high of GBX 905.00. The stock’s 50-day moving average is currently GBX 733.0.
Betfair Group plc is an online betting and gaming operator. The Company’s segments include Sports, Games, Poker, Management of customer funds, Other investments, Betfair US, LMAX and High rollers.
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