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

Paddy Power Betfair (LON:PPB)‘s stock had its “overweight” rating restated by equities research analysts at Barclays in a report released on Monday, December 18th. They currently have a GBX 9,400 ($127.47) price objective on the stock. Barclays’ price objective points to a potential upside of 11.84% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Deutsche Bank reiterated a “buy” rating and set a £105 ($142.39) price target on shares of Paddy Power Betfair in a research report on Thursday, August 31st. Macquarie started coverage on shares of Paddy Power Betfair in a report on Wednesday, October 11th. They issued an “outperform” rating and a GBX 8,500 ($115.27) price objective for the company. Goldman Sachs Group restated a “buy” rating on shares of Paddy Power Betfair in a report on Monday, September 11th. Morgan Stanley cut shares of Paddy Power Betfair to an “equal weight” rating and dropped their price objective for the company from GBX 9,800 ($132.90) to GBX 7,500 ($101.71) in a report on Tuesday, September 5th. Finally, Peel Hunt restated a “buy” rating and issued a £100 ($135.61) price objective on shares of Paddy Power Betfair in a report on Monday, September 4th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 8,065.63 ($109.38).

Shares of Paddy Power Betfair (PPB) traded down GBX 70 ($0.95) on Monday, hitting GBX 8,405 ($113.98). 155,435 shares of the company’s stock were exchanged, compared to its average volume of 110,902. 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). The firm has a market capitalization of $7,050.00 and a PE ratio of 5,353.50.

In other news, insider Alexander Gersh sold 20,000 shares of the business’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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