Paddy Power Betfair PLC (LON:PPB) Receives Average Rating of “Hold” from Brokerages

Shares of Paddy Power Betfair PLC (LON:PPB) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 6,616.67 ($86.46).

Several equities research analysts recently weighed in on PPB shares. Peel Hunt reissued a “reduce” rating and set a GBX 6,000 ($78.40) price objective on shares of Paddy Power Betfair in a report on Wednesday, March 6th. Shore Capital reaffirmed a “sell” rating on shares of Paddy Power Betfair in a report on Wednesday, March 6th. Numis Securities reaffirmed a “hold” rating and set a GBX 6,300 ($82.32) target price on shares of Paddy Power Betfair in a report on Wednesday, March 6th. Barclays cut their target price on Paddy Power Betfair from GBX 6,700 ($87.55) to GBX 6,400 ($83.63) and set an “equal weight” rating on the stock in a report on Tuesday, March 12th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 6,400 ($83.63) target price on shares of Paddy Power Betfair in a report on Friday, March 29th.

In related news, insider Zillah Byng-Thorne bought 336 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of GBX 5,862 ($76.60) per share, with a total value of £19,696.32 ($25,736.73).

Shares of Paddy Power Betfair stock remained flat at $GBX 5,628 ($73.54) on Friday. The stock had a trading volume of 245,355 shares, compared to its average volume of 192,747. The company has a quick ratio of 0.24, a current ratio of 0.64 and a debt-to-equity ratio of 6.73. Paddy Power Betfair has a 12 month low of GBX 5,390 ($70.43) and a 12 month high of GBX 8,590 ($112.24). The company has a market cap of $4.70 billion and a price-to-earnings ratio of 23.41. The company’s 50-day moving average is GBX 5,735.80.

Paddy Power Betfair Company Profile

Paddy Power Betfair plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports 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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