Berenberg Bank Downgrades Paddy Power Betfair (PPB) to Sell

Paddy Power Betfair (LON:PPB) was downgraded by research analysts at Berenberg Bank to a “sell” rating in a report issued on Thursday, January 11th. They presently have a GBX 7,600 ($106.56) price target on the stock. Berenberg Bank’s target price indicates a potential downside of 6.00% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. HSBC raised their price objective on Paddy Power Betfair from GBX 5,700 ($79.92) to GBX 6,000 ($84.13) and gave the company a “reduce” rating in a research note on Thursday, November 2nd. lifted their target price on Paddy Power Betfair from GBX 5,700 ($79.92) to GBX 6,000 ($84.13) and gave the company a “reduce” rating in a research report on Thursday, November 2nd. lifted their target price on Paddy Power Betfair from GBX 5,700 ($79.92) to GBX 6,000 ($84.13) and gave the company a “reduce” rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 8,420 ($118.06) target price on shares of Paddy Power Betfair in a research report on Thursday, November 2nd. Finally, Deutsche Bank reiterated a “buy” rating and issued a £105 ($147.22) price target on shares of Paddy Power Betfair in a report on Wednesday, November 1st. Six analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 8,034.67 ($112.66).

Paddy Power Betfair (LON PPB) opened at GBX 8,085 ($113.36) on Thursday. The firm has a market capitalization of $6,840.00 and a P/E ratio of 5,149.68. Paddy Power Betfair has a 1-year low of GBX 6,572.50 ($92.16) and a 1-year high of GBX 8,967 ($125.73).

TRADEMARK VIOLATION NOTICE: “Berenberg Bank Downgrades Paddy Power Betfair (PPB) to Sell” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/06/paddy-power-betfair-ppb-rating-lowered-to-sell-at-berenberg-bank.html.

About Paddy Power Betfair

Paddy Power Betfair plc, together with its subsidiaries, provides online interactive sports betting services 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, and business-to-business services, as well as peer to peer games, including online bingo and poker.

Analyst Recommendations for Paddy Power Betfair (LON:PPB)

Receive News & Ratings for Paddy Power Betfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paddy Power Betfair and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply