Paddy Power Betfair (LON:PPB) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reiterated their reduce rating on shares of Paddy Power Betfair (LON:PPB) in a research report sent to investors on Tuesday, October 16th.

Several other brokerages have also issued reports on PPB. Shore Capital lowered Paddy Power Betfair to a sell rating in a research report on Friday, June 22nd. Numis Securities lifted their price objective on Paddy Power Betfair from GBX 8,320 ($108.72) to GBX 8,530 ($111.46) and gave the stock a hold rating in a report on Wednesday, August 8th. Citigroup lowered Paddy Power Betfair to a sell rating in a report on Monday, August 13th. Barclays decreased their price objective on Paddy Power Betfair from GBX 7,730 ($101.01) to GBX 7,500 ($98.00) and set an overweight rating for the company in a report on Tuesday, October 16th. Finally, Berenberg Bank raised Paddy Power Betfair to a hold rating and decreased their price objective for the stock from GBX 7,000 ($91.47) to GBX 6,500 ($84.93) in a report on Friday, October 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Paddy Power Betfair has a consensus rating of Hold and a consensus target price of GBX 6,911 ($90.30).

Shares of Paddy Power Betfair stock traded down GBX 125 ($1.63) during trading hours on Tuesday, hitting GBX 6,550 ($85.59). 367,322 shares of the company’s stock traded hands, compared to its average volume of 192,747. Paddy Power Betfair has a 12-month low of GBX 6,572.50 ($85.88) and a 12-month high of GBX 8,967 ($117.17).

In related news, insider Peter Jackson bought 930 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was acquired at an average price of GBX 7,168 ($93.66) per share, for a total transaction of £66,662.40 ($87,106.23).

About Paddy Power Betfair

Paddy Power Betfair plc operates as a sports betting and gaming company 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; peer to peer games, including online bingo and poker; and business-to-business services.

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Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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