Paddy Power Plc (PAP) Receives “Buy” Rating from Citigroup Inc.
Citigroup Inc. reissued their buy rating on shares of Paddy Power Plc (LON:PAP) in a research report sent to investors on Monday morning. The brokerage currently has a GBX 8,700 ($115.40) price objective on the stock.
A number of other research analysts have also recently issued reports on PAP. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Paddy Power Plc in a research note on Monday, September 11th. Peel Hunt reiterated a buy rating and issued a £100 ($132.64) price objective on shares of Paddy Power Plc in a report on Monday, September 4th. J P Morgan Chase & Co initiated coverage on Paddy Power Plc in a research note on Wednesday, June 21st. They issued a neutral rating and a GBX 8,420 ($111.69) target price for the company. Numis Securities Ltd lowered Paddy Power Plc to a hold rating and set a GBX 8,480 ($112.48) target price for the company. in a research note on Thursday, July 13th. Finally, Barclays PLC increased their target price on Paddy Power Plc from GBX 9,550 ($126.67) to £100 ($132.64) and gave the company an overweight rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 8,967.09 ($118.94).
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