Paddy Power Betfair Plc’s (PPB) “Hold” Rating Reaffirmed at Numis Securities Ltd
Paddy Power Betfair Plc (LON:PPB)‘s stock had its “hold” rating reissued by investment analysts at Numis Securities Ltd in a report released on Thursday. They currently have a GBX 8,000 ($105.57) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 3.83% from the company’s previous close.
A number of other equities analysts also recently commented on the stock. Investec downgraded shares of Paddy Power Betfair Plc to a “sell” rating and cut their target price for the company from £100 ($131.96) to GBX 6,970 ($91.98) in a research note on Friday, July 21st. Deutsche Bank AG reissued a “buy” rating and issued a £105 ($138.56) target price on shares of Paddy Power Betfair Plc in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Paddy Power Betfair Plc in a research note on Monday, September 11th. Macquarie initiated coverage on shares of Paddy Power Betfair Plc in a research note on Wednesday, October 11th. They issued an “outperform” rating and a GBX 8,500 ($112.17) target price on the stock. Finally, Barclays PLC cut their target price on shares of Paddy Power Betfair Plc from £100 ($131.96) to GBX 9,550 ($126.02) and set an “overweight” rating on the stock in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Paddy Power Betfair Plc presently has a consensus rating of “Hold” and an average target price of GBX 8,617.86 ($113.72).
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