Paddy Power Betfair Plc (PPB) Earns “Overweight” Rating from Barclays PLC
Barclays PLC reaffirmed their overweight rating on shares of Paddy Power Betfair Plc (LON:PPB) in a research report report published on Friday morning. They currently have a GBX 9,550 ($125.97) target price on the stock.
A number of other research firms also recently weighed in on PPB. Numis Securities Ltd restated an add rating and issued a £100 ($131.91) price target on shares of Paddy Power Betfair Plc in a research note on Wednesday, May 3rd. Peel Hunt decreased their price target on Paddy Power Betfair Plc from £110 ($145.10) to £100 ($131.91) and set a buy rating for the company in a research note on Monday, July 10th. J P Morgan Chase & Co started coverage on Paddy Power Betfair Plc in a research note on Wednesday, June 21st. They issued a neutral rating and a GBX 8,420 ($111.07) price target for the company. Investec downgraded Paddy Power Betfair Plc to a sell rating and decreased their price target for the company from £100 ($131.91) to GBX 6,970 ($91.94) in a research note on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and issued a £113 ($149.06) price target on shares of Paddy Power Betfair Plc in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 9,155.83 ($120.77).
Paddy Power Betfair Plc (LON PPB) traded up 0.96% during midday trading on Friday, reaching GBX 7920.00. The company had a trading volume of 87,009 shares. Paddy Power Betfair Plc has a 52-week low of GBX 7,690.00 and a 52-week high of GBX 10,028.56. The company’s 50-day moving average is GBX 8,069.54 and its 200 day moving average is GBX 8,384.03. The company’s market cap is GBX 6.62 billion.
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