JPMorgan Chase & Co. Increases Paddy Power Betfair (PPB) Price Target to GBX 8,690

Paddy Power Betfair (LON:PPB) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from GBX 8,420 ($114.18) to GBX 8,690 ($117.85) in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 2.72% from the company’s current price.

A number of other brokerages have also recently commented on PPB. lifted their price objective on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the stock a “reduce” rating in a research note on Thursday, November 2nd. HSBC lifted their price target on shares of Paddy Power Betfair from GBX 5,700 ($77.30) to GBX 6,000 ($81.37) and gave the stock a “reduce” rating in a research note on Thursday, November 2nd. Barclays reaffirmed an “overweight” rating and set a GBX 9,400 ($127.47) price target on shares of Paddy Power Betfair in a research note on Thursday, January 4th. Deutsche Bank reaffirmed a “buy” rating and set a £105 ($142.39) price target on shares of Paddy Power Betfair in a research note on Monday, October 2nd. Finally, Numis Securities reaffirmed a “hold” rating and set a GBX 8,000 ($108.49) price target on shares of Paddy Power Betfair in a research note on Thursday, November 2nd. Six equities research 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’s stock. Paddy Power Betfair has an average rating of “Hold” and a consensus target price of GBX 8,082.50 ($109.61).

Shares of Paddy Power Betfair (PPB) traded up GBX 55 ($0.75) during trading hours on Friday, hitting GBX 8,460 ($114.73). 195,637 shares of the company’s stock were exchanged, compared to its average volume of 110,375. 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 $7,140.00 and a PE ratio of 5,388.54.

In other Paddy Power Betfair news, insider Alexander Gersh sold 20,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of GBX 8,273 ($112.19), for a total value of £1,654,600 ($2,243,829.67).

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Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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