Paddy Power Betfair Plc (PPB) Earns Buy Rating from Deutsche Bank AG

Paddy Power Betfair Plc (LON:PPB)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank AG in a report released on Wednesday, November 1st. They presently have a £105 ($138.10) price target on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 22.66% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Paddy Power Betfair Plc in a research report on Monday, September 11th. Peel Hunt reissued a “buy” rating and set a £100 ($131.53) price objective on shares of Paddy Power Betfair Plc in a research report on Monday, September 4th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 8,700 ($114.43) price target on shares of Paddy Power Betfair Plc in a research report on Monday, October 2nd. Morgan Stanley cut shares of Paddy Power Betfair Plc to an “equal weight” rating and dropped their price target for the company from GBX 9,800 ($128.90) to GBX 7,500 ($98.65) in a research report on Tuesday, September 5th. Finally, Berenberg Bank dropped their price target on shares of Paddy Power Betfair Plc from GBX 8,300 ($109.17) to GBX 7,600 ($99.96) and set a “hold” rating on the stock in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 8,511.54 ($111.95).

Paddy Power Betfair Plc (LON PPB) traded down GBX 10 ($0.13) during midday trading on Wednesday, reaching GBX 8,560 ($112.59). The company had a trading volume of 105,657 shares, compared to its average volume of 127,050. Paddy Power Betfair Plc has a 1-year low of GBX 6,572.50 ($86.45) and a 1-year high of GBX 9,195 ($120.94).

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In related news, insider Alexander Gersh sold 20,000 shares of Paddy Power Betfair Plc stock in a transaction on Friday, November 3rd. The shares were sold at an average price of GBX 8,273 ($108.81), for a total value of £1,654,600 ($2,176,246.22).

Analyst Recommendations for Paddy Power Betfair Plc (LON:PPB)

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