Paddy Power Betfair (PPB) Earns “Overweight” Rating from Barclays
Paddy Power Betfair (LON:PPB)‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a research report issued on Wednesday. They currently have a GBX 9,400 ($127.47) price target on the stock. Barclays’ price objective would indicate a potential upside of 11.11% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Deutsche Bank restated a “buy” rating and set a £105 ($142.39) price objective on shares of Paddy Power Betfair in a research report on Monday, October 2nd. Citigroup restated a “buy” rating and set a GBX 8,700 ($117.98) price objective on shares of Paddy Power Betfair in a research report on Monday, October 2nd. Numis Securities restated a “hold” rating and set a GBX 8,000 ($108.49) price objective on shares of Paddy Power Betfair in a research report on Thursday, November 2nd. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 8,420 ($114.18) price objective on shares of Paddy Power Betfair in a research report on Thursday, November 2nd. Finally, Macquarie initiated coverage on Paddy Power Betfair in a research report on Wednesday, October 11th. They set an “outperform” rating and a GBX 8,500 ($115.27) price objective for the company. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Paddy Power Betfair currently has an average rating of “Hold” and a consensus target price of GBX 8,082.50 ($109.61).
Shares of Paddy Power Betfair (LON:PPB) traded up GBX 55 ($0.75) during midday trading on Wednesday, reaching GBX 8,460 ($114.73). The company’s 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 firm has a market cap of $7,140.00 and a price-to-earnings ratio of 5,388.54.
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