Paddy Power Betfair Plc (LON:PPB) Receives “Buy” Rating from Peel Hunt
Paddy Power Betfair Plc (LON:PPB)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a note issued to investors on Tuesday. They currently have a £100 ($130.23) price objective on the stock. Peel Hunt’s target price points to a potential upside of 32.45% from the company’s previous close.
A number of other brokerages have also recently commented on PPB. Numis Securities Ltd reaffirmed an “add” rating and set a £100 ($130.23) price objective on shares of Paddy Power Betfair Plc in a research note on Wednesday, May 3rd. J P Morgan Chase & Co began coverage on shares of Paddy Power Betfair Plc in a research note on Wednesday, June 21st. They set a “neutral” rating and a GBX 8,420 ($109.65) price objective on the stock. Barclays PLC reaffirmed an “overweight” rating on shares of Paddy Power Betfair Plc in a research note on Friday, June 9th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a £113 ($147.15) target price on shares of Paddy Power Betfair Plc in a research report on Tuesday, May 30th. Finally, Investec lowered Paddy Power Betfair Plc to a “sell” rating and decreased their target price for the company from £100 ($130.23) to GBX 6,970 ($90.77) in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 9,115.83 ($118.71).
Paddy Power Betfair Plc (PPB) opened at 7155.00 on Tuesday. The stock’s market cap is GBX 5.98 billion. The firm’s 50-day moving average is GBX 7,982.72 and its 200 day moving average is GBX 8,366.76. Paddy Power Betfair Plc has a one year low of GBX 7,120.00 and a one year high of GBX 10,028.56.
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