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

Shares of Paddy Power Betfair Plc (LON:PPB) have been assigned a consensus rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings 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 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 9,144.55 ($119.09).

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Several research analysts recently issued reports on the company. Peel Hunt reaffirmed a “buy” rating and set a £100 ($130.23) target price on shares of Paddy Power Betfair Plc in a research report on Tuesday. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a £113 ($147.15) price objective on shares of Paddy Power Betfair Plc in a research report on Tuesday, May 30th. Investec cut Paddy Power Betfair Plc to a “sell” rating and cut their price objective for the stock from £100 ($130.23) to GBX 6,970 ($90.77) in a research report on Friday, July 21st. Barclays PLC reissued an “overweight” rating on shares of Paddy Power Betfair Plc in a research report on Friday, June 9th. Finally, Numis Securities Ltd cut Paddy Power Betfair Plc to a “hold” rating and set a GBX 8,480 ($110.43) price objective on the stock. in a research report on Thursday, July 13th.

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Shares of Paddy Power Betfair Plc (PPB) opened at 7220.00 on Friday. Paddy Power Betfair Plc has a 12-month low of GBX 7,110.00 and a 12-month high of GBX 10,028.56. The firm’s market capitalization is GBX 6.03 billion. The company’s 50 day moving average is GBX 7,982.72 and its 200 day moving average is GBX 8,366.76.

About Paddy Power Betfair Plc