Paddy Power Betfair (LON:PPB) was downgraded by stock analysts at Berenberg Bank to a “sell” rating in a note issued to investors on Thursday. They currently have a GBX 7,600 ($103.06) price objective on the stock. Berenberg Bank’s price target would indicate a potential downside of 9.58% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. HSBC boosted their price target on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the company a “reduce” rating in a report on Thursday, November 2nd. boosted their price target on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the company a “reduce” rating in a report on Thursday, November 2nd. boosted their price target on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the company a “reduce” rating in a report on Thursday, November 2nd. Barclays restated an “overweight” rating and set a GBX 9,400 ($127.47) price target on shares of Paddy Power Betfair in a report on Wednesday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 8,420 ($114.18) price target on shares of Paddy Power Betfair in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Paddy Power Betfair has a consensus rating of “Hold” and a consensus price target of GBX 8,065.63 ($109.38).

Shares of Paddy Power Betfair (LON PPB) opened at GBX 8,405 ($113.98) on Thursday. 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 stock has a market cap of $7,100.00 and a P/E ratio of 5,353.50.

In related 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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