Barclays Trims Paddy Power Betfair (PPB) Target Price to GBX 6,700

Paddy Power Betfair (LON:PPB) had its target price cut by investment analysts at Barclays from GBX 7,600 ($99.31) to GBX 6,700 ($87.55) in a research report issued on Monday. The firm presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 5.68% from the stock’s current price.

Several other equities analysts have also commented on PPB. Goldman Sachs Group decreased their price target on Paddy Power Betfair from GBX 7,400 ($96.69) to GBX 7,100 ($92.77) and set a “neutral” rating on the stock in a research note on Monday. Peel Hunt reaffirmed a “reduce” rating on shares of Paddy Power Betfair in a research note on Monday, December 17th. Numis Securities reaffirmed a “hold” rating and issued a GBX 6,470 ($84.54) price target on shares of Paddy Power Betfair in a research note on Friday, November 2nd. Morgan Stanley raised Paddy Power Betfair to an “equal weight” rating and upped their price target for the company from GBX 6,500 ($84.93) to GBX 6,600 ($86.24) in a research note on Monday, November 5th. Finally, UBS Group raised Paddy Power Betfair to a “neutral” rating and decreased their price target for the company from GBX 7,130 ($93.17) to GBX 6,950 ($90.81) in a research note on Monday, November 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 6,580 ($85.98).

LON PPB opened at GBX 6,340 ($82.84) on Monday. Paddy Power Betfair has a fifty-two week low of GBX 6,572.50 ($85.88) and a fifty-two week high of GBX 8,967 ($117.17).

About Paddy Power Betfair

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.

Further Reading: Market Capitalization and Individual Investors

Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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