Paddy Power Betfair (PPB) Given New GBX 7,600 Price Target at Barclays

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Paddy Power Betfair (LON:PPB) had its price objective lifted by Barclays from GBX 7,500 ($98.00) to GBX 7,600 ($99.31) in a report released on Tuesday. They currently have an overweight rating on the stock.

A number of other brokerages have also commented on PPB. Shore Capital reissued a sell rating on shares of Paddy Power Betfair in a research report on Wednesday, August 8th. Peel Hunt reissued a reduce rating on shares of Paddy Power Betfair in a research report on Wednesday, August 8th. Numis Securities boosted their price objective on shares of Paddy Power Betfair from GBX 8,320 ($108.72) to GBX 8,530 ($111.46) and gave the stock a hold rating in a research report on Wednesday, August 8th. Citigroup lowered shares of Paddy Power Betfair to a sell rating in a research report on Monday, August 13th. Finally, UBS Group raised shares of Paddy Power Betfair to a neutral rating and cut their price objective for the stock from GBX 7,130 ($93.17) to GBX 6,950 ($90.81) in a research report on Monday, November 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 6,911 ($90.30).

Shares of PPB stock traded down GBX 125 ($1.63) during trading on Tuesday, reaching GBX 6,550 ($85.59). The company’s stock had a trading volume of 367,322 shares, compared to its average volume of 192,747. Paddy Power Betfair has a one year low of GBX 6,572.50 ($85.88) and a one year high of GBX 8,967 ($117.17).

In other news, insider Peter Jackson purchased 930 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were purchased at an average cost of GBX 7,168 ($93.66) per share, with a total value 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.

Read More: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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