Paddy Power Betfair Plc (PPB) Receives Buy Rating from Deutsche Bank AG

Deutsche Bank AG reiterated their buy rating on shares of Paddy Power Betfair Plc (LON:PPB) in a research note published on Wednesday morning. The brokerage currently has a £105 ($138.56) price objective on the stock.

A number of other research analysts also recently weighed in on the company. Investec lowered Paddy Power Betfair Plc to a sell rating and lowered their target price for the company from £100 ($131.96) to GBX 6,970 ($91.98) in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Paddy Power Betfair Plc in a report on Monday, September 11th. Macquarie began coverage on Paddy Power Betfair Plc in a report on Wednesday, October 11th. They issued an outperform rating and a GBX 8,500 ($112.17) target price on the stock. Numis Securities Ltd lowered Paddy Power Betfair Plc to a hold rating and set a GBX 8,480 ($111.90) target price on the stock. in a report on Thursday, July 13th. Finally, Barclays PLC lowered their target price on Paddy Power Betfair Plc from £100 ($131.96) to GBX 9,550 ($126.02) and set an overweight rating on the stock in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Paddy Power Betfair Plc currently has a consensus rating of Hold and an average price target of GBX 8,617.86 ($113.72).

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