Paddy Power Betfair (PPB) Stock Rating Reaffirmed by Deutsche Bank

Paddy Power Betfair (LON:PPB)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank in a research report issued on Thursday.

Several other analysts have also recently issued reports on the company. Berenberg Bank cut their target price on Paddy Power Betfair from GBX 7,600 ($103.09) to GBX 6,600 ($89.53) and set a “sell” rating on the stock in a research note on Wednesday, May 9th. Credit Suisse Group cut their price objective on Paddy Power Betfair from GBX 7,800 ($105.81) to GBX 7,400 ($100.38) and set a “neutral” rating on the stock in a research report on Thursday, May 3rd. Citigroup reaffirmed a “neutral” rating and set a GBX 6,500 ($88.17) price objective (down from GBX 8,700 ($118.01)) on shares of Paddy Power Betfair in a research report on Thursday, May 3rd. Numis Securities reaffirmed an “add” rating and set a GBX 8,320 ($112.86) price objective on shares of Paddy Power Betfair in a research report on Wednesday, May 2nd. Finally, Peel Hunt reaffirmed a “reduce” rating on shares of Paddy Power Betfair in a research report on Wednesday, May 2nd. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Paddy Power Betfair currently has an average rating of “Hold” and an average target price of GBX 7,627.50 ($103.47).

Paddy Power Betfair opened at GBX 8,250 ($111.91) on Thursday, according to Marketbeat Ratings. Paddy Power Betfair has a 1 year low of GBX 6,572.50 ($89.15) and a 1 year high of GBX 8,967 ($121.64).

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)

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