Berenberg Bank Lowers Paddy Power Betfair (PPB) to Sell
PPB has been the topic of several other reports. Macquarie started coverage on Paddy Power Betfair in a report on Wednesday, October 11th. They issued an outperform rating and a GBX 8,500 ($115.27) price target on the stock. Citigroup reiterated a buy rating and issued a GBX 8,700 ($117.98) price target on shares of Paddy Power Betfair in a report on Monday, October 2nd. reduced their price objective on Paddy Power Betfair from GBX 6,900 ($93.57) to GBX 5,700 ($77.30) and set a reduce rating on the stock in a report on Thursday, September 21st. Barclays restated an overweight rating and set a GBX 9,000 ($122.05) price objective on shares of Paddy Power Betfair in a report on Monday, September 25th. Finally, Deutsche Bank restated a buy rating and set a £105 ($142.39) price objective on shares of Paddy Power Betfair in a report on Monday, October 2nd. Six analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Paddy Power Betfair currently has a consensus rating of Hold and a consensus price target of GBX 8,082.50 ($109.61).
Shares of Paddy Power Betfair (PPB) traded up GBX 55 ($0.75) during midday trading on Thursday, hitting GBX 8,460 ($114.73). The stock had a trading volume of 195,637 shares, compared to its average volume of 110,375. Paddy Power Betfair has a 12-month low of GBX 6,572.50 ($89.13) and a 12-month high of GBX 8,967 ($121.60). The stock has a market capitalization of $7,140.00 and a P/E ratio of 5,388.54.
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