Paddy Power Betfair (LON:PPB) Stock Rating Reaffirmed by Barclays

Paddy Power Betfair (LON:PPB)‘s stock had its “overweight” rating restated by equities research analysts at Barclays in a note issued to investors on Monday, December 18th. They presently have a GBX 9,400 ($127.47) price target on the stock. Barclays’ target price suggests a potential upside of 11.11% from the company’s previous close.

Several other analysts have also commented on PPB. raised their price objective on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the stock a “reduce” rating in a report on Thursday, November 2nd. HSBC raised their price objective on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the stock a “reduce” rating in a report on Thursday, November 2nd. raised their price objective on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the stock a “reduce” rating in a report on Thursday, November 2nd. Citigroup restated a “buy” rating and issued a GBX 8,700 ($117.98) price objective on shares of Paddy Power Betfair in a report on Monday, October 2nd. Finally, Deutsche Bank restated a “buy” rating and issued a £105 ($142.39) price objective on shares of Paddy Power Betfair in a report on Monday, October 2nd. Six research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 8,082.50 ($109.61).

Shares of Paddy Power Betfair (LON PPB) traded up GBX 55 ($0.75) on Monday, reaching GBX 8,460 ($114.73). 195,637 shares of the company’s stock traded hands, compared to its average volume of 110,375. Paddy Power Betfair has a twelve month low of GBX 6,572.50 ($89.13) and a twelve month high of GBX 8,967 ($121.60). The stock has a market capitalization of $7,140.00 and a price-to-earnings ratio of 5,388.54.

In related news, insider Alexander Gersh sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of GBX 8,273 ($112.19), for a total transaction of £1,654,600 ($2,243,829.67).

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Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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