Paddy Power Betfair Plc (PPB) Receives Average Recommendation of “Hold” from Analysts

Paddy Power Betfair Plc (LON:PPB) has earned a consensus recommendation of “Hold” from the sixteen analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 9,188.18 ($119.98).

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PPB has been the subject of a number of recent research reports. Barclays PLC dropped their price objective on shares of Paddy Power Betfair Plc from £100 ($130.58) to GBX 9,550 ($124.71) and set an “overweight” rating for the company in a research note on Monday. Numis Securities Ltd restated an “add” rating and issued a £100 ($130.58) target price on shares of Paddy Power Betfair Plc in a report on Wednesday, May 3rd. Peel Hunt lowered their target price on shares of Paddy Power Betfair Plc from £110 ($143.64) to £100 ($130.58) and set a “buy” rating for the company in a report on Monday, July 10th. J P Morgan Chase & Co initiated coverage on shares of Paddy Power Betfair Plc in a report on Wednesday, June 21st. They issued a “neutral” rating and a GBX 8,420 ($109.95) target price for the company. Finally, Investec lowered shares of Paddy Power Betfair Plc to a “sell” rating and lowered their target price for the stock from £100 ($130.58) to GBX 6,970 ($91.02) in a report on Friday.

Paddy Power Betfair Plc (LON PPB) opened at 7445.00 on Friday. The stock’s 50 day moving average is GBX 8,273.14 and its 200 day moving average is GBX 8,460.79. Paddy Power Betfair Plc has a 52 week low of GBX 7,340.00 and a 52 week high of GBX 10,028.56. The company’s market capitalization is GBX 6.22 billion.

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Paddy Power Betfair Plc Company Profile