Paddy Power Betfair’s (PPB) “Overweight” Rating Reiterated at Barclays

Barclays reaffirmed their overweight rating on shares of Paddy Power Betfair (LON:PPB) in a research report report published on Wednesday. Barclays currently has a GBX 9,400 ($127.47) price objective on the stock.

A number of other brokerages have also recently issued reports on PPB. HSBC increased their target price 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 research report on Thursday, November 2nd. increased their target price 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 research report on Thursday, November 2nd. increased their target price 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 research report on Thursday, November 2nd. Numis Securities reiterated a hold rating and set a GBX 8,000 ($108.49) target price on shares of Paddy Power Betfair in a research report on Thursday, November 2nd. Finally, increased their target price 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 research report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Paddy Power Betfair currently has an average rating of Hold and an average target price of GBX 8,082.50 ($109.61).

Shares of Paddy Power Betfair (LON:PPB) traded up GBX 55 ($0.75) during trading on Wednesday, hitting GBX 8,460 ($114.73). 195,637 shares of the company were exchanged, compared to its average volume of 110,375. The firm has a market cap of $7,140.00 and a PE ratio of 5,388.54. Paddy Power Betfair has a 1-year low of GBX 6,572.50 ($89.13) and a 1-year high of GBX 8,967 ($121.60).

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

COPYRIGHT VIOLATION NOTICE: “Paddy Power Betfair’s (PPB) “Overweight” Rating Reiterated at Barclays” was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.thelincolnianonline.com/2018/01/14/paddy-power-betfairs-ppb-overweight-rating-reiterated-at-barclays.html.

Analyst Recommendations for Paddy Power Betfair (LON:PPB)

Receive News & Ratings for Paddy Power Betfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paddy Power Betfair and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply