Paddy Power Betfair’s (PPB) Overweight Rating Reaffirmed at Barclays

Barclays reissued their overweight rating on shares of Paddy Power Betfair (LON:PPB) in a research note published on Wednesday. They currently have a GBX 9,400 ($127.47) target price on the stock.

Several other analysts have also issued reports on PPB. cut their target price on shares of Paddy Power Betfair from GBX 6,900 ($93.57) to GBX 5,700 ($77.30) and set a reduce rating for the company in a research report on Thursday, September 21st. Citigroup restated a buy rating and set a GBX 8,700 ($117.98) target price on shares of Paddy Power Betfair in a research report on Monday, October 2nd. Deutsche Bank restated a buy rating and set a £105 ($142.39) target price on shares of Paddy Power Betfair in a research report on Monday, October 2nd. Macquarie started coverage on shares of Paddy Power Betfair in a research report on Wednesday, October 11th. They set an outperform rating and a GBX 8,500 ($115.27) target price for the company. Finally, JPMorgan Chase & Co. restated a neutral rating and set a GBX 8,420 ($114.18) target price on shares of Paddy Power Betfair in a research report 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. The stock has an average rating of Hold and an average target price of GBX 8,082.50 ($109.61).

Paddy Power Betfair (LON:PPB) traded up GBX 55 ($0.75) on Wednesday, hitting GBX 8,460 ($114.73). 195,637 shares of the stock traded hands, 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 capitalization 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 company’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 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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