Paddy Power Betfair PLC (PPB) Given Average Rating of “Hold” by Analysts
Paddy Power Betfair PLC (LON:PPB) has received an average rating of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat reports. Nine analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 7,273.33 ($96.84).
Several research analysts have recently commented on the company. Shore Capital downgraded Paddy Power Betfair to a “sell” rating in a report on Friday, June 22nd. Peel Hunt reissued a “reduce” rating on shares of Paddy Power Betfair in a report on Wednesday, May 2nd. Credit Suisse Group reduced their target price on Paddy Power Betfair from GBX 7,800 ($103.85) to GBX 7,400 ($98.52) and set a “neutral” rating on the stock in a report on Thursday, May 3rd. Numis Securities reissued an “add” rating and issued a GBX 8,320 ($110.77) target price on shares of Paddy Power Betfair in a report on Wednesday, May 2nd. Finally, Berenberg Bank reduced their target price on Paddy Power Betfair from GBX 7,600 ($101.18) to GBX 6,600 ($87.87) and set a “sell” rating on the stock in a report on Wednesday, May 9th.
Shares of Paddy Power Betfair traded down GBX 35 ($0.47), hitting GBX 8,305 ($110.57), on Friday, according to Marketbeat. The company’s stock had a trading volume of 116,868 shares, compared to its average volume of 192,747. Paddy Power Betfair has a fifty-two week low of GBX 6,572.50 ($87.50) and a fifty-two week high of GBX 8,967 ($119.38).
About Paddy Power Betfair
Paddy Power Betfair plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the Unites States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports betting and pari-mutuel betting products; fixed odds games betting; online games and casino; peer to peer games, including online bingo and poker; and business-to-business services.
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