Paddy Power Betfair (LON:PPB) had its price target lifted by Barclays from GBX 7,500 ($98.00) to GBX 7,600 ($99.31) in a research note published on Tuesday morning. The brokerage currently has an overweight rating on the stock.

PPB has been the topic of several other reports. Berenberg Bank raised shares of Paddy Power Betfair to a hold rating and dropped their price objective for the company from GBX 7,000 ($91.47) to GBX 6,500 ($84.93) in a research report on Friday, October 12th. Goldman Sachs Group lowered shares of Paddy Power Betfair to a neutral rating and dropped their price objective for the company from GBX 7,700 ($100.61) to GBX 7,400 ($96.69) in a research report on Wednesday, October 31st. Credit Suisse Group raised shares of Paddy Power Betfair to a neutral rating and dropped their price objective for the company from GBX 8,650 ($113.03) to GBX 7,600 ($99.31) in a research report on Tuesday, October 23rd. Peel Hunt reissued a reduce rating on shares of Paddy Power Betfair in a research report on Wednesday, October 10th. Finally, Morgan Stanley raised shares of Paddy Power Betfair to an equal weight rating and increased their price objective for the company from GBX 6,500 ($84.93) to GBX 6,600 ($86.24) in a research report on Monday, November 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Paddy Power Betfair presently has a consensus rating of Hold and a consensus target price of GBX 6,911 ($90.30).

Shares of PPB traded down GBX 125 ($1.63) during trading hours on Tuesday, hitting GBX 6,550 ($85.59). The company had a trading volume of 367,322 shares, compared to its average volume of 192,747. Paddy Power Betfair has a 12 month low of GBX 6,572.50 ($85.88) and a 12 month high of GBX 8,967 ($117.17).

In other Paddy Power Betfair news, insider Peter Jackson purchased 930 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average cost of GBX 7,168 ($93.66) per share, for a total transaction of £66,662.40 ($87,106.23).

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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Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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