Shares of Paddy Power Betfair PLC (LON:PPB) have earned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 6,956.67 ($90.90).
Several analysts recently commented on PPB shares. Numis Securities reiterated a “hold” rating and issued a GBX 6,470 ($84.54) target price on shares of Paddy Power Betfair in a report on Friday, November 2nd. Berenberg Bank upgraded Paddy Power Betfair to a “hold” rating and cut their price target for the stock from GBX 7,000 ($91.47) to GBX 6,500 ($84.93) in a report on Friday, October 12th. Peel Hunt restated a “reduce” rating on shares of Paddy Power Betfair in a report on Wednesday, October 10th. Morgan Stanley upgraded Paddy Power Betfair to an “equal weight” rating and increased their price target for the stock from GBX 6,500 ($84.93) to GBX 6,600 ($86.24) in a report on Monday. Finally, Credit Suisse Group cut their price target on Paddy Power Betfair from GBX 7,600 ($99.31) to GBX 6,400 ($83.63) and set a “neutral” rating on the stock in a report on Tuesday, October 30th.
In other news, insider Peter Jackson bought 930 shares of the stock in a transaction dated Thursday, August 23rd. The shares were bought at an average cost of GBX 7,168 ($93.66) per share, with a total value 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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