Paddy Power Betfair Plc’s (PPB) “Neutral” Rating Reaffirmed at J P Morgan Chase & Co

J P Morgan Chase & Co restated their neutral rating on shares of Paddy Power Betfair Plc (LON:PPB) in a research report sent to investors on Thursday morning. They currently have a GBX 8,420 ($111.11) price target on the stock.

Other analysts also recently issued reports about the stock. Peel Hunt reissued a buy rating and issued a £100 ($131.96) target price on shares of Paddy Power Betfair Plc in a research report on Monday, September 4th. Deutsche Bank AG reissued a buy rating and issued a £105 ($138.56) target price on shares of Paddy Power Betfair Plc in a research report on Thursday, August 31st. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a £106.60 ($140.67) target price (down from £110.35 ($145.62)) on shares of Paddy Power Betfair Plc in a research report on Monday, August 21st. Citigroup Inc. reissued a buy rating and issued a GBX 8,700 ($114.81) target price on shares of Paddy Power Betfair Plc in a research report on Monday, October 2nd. Finally, Morgan Stanley downgraded shares of Paddy Power Betfair Plc to an equal weight rating and decreased their target price for the stock from GBX 9,800 ($129.32) to GBX 7,500 ($98.97) in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 8,617.86 ($113.72).

Paddy Power Betfair Plc (PPB) traded up GBX 114.26 ($1.51) during mid-day trading on Thursday, reaching GBX 8,264.26 ($109.06). 258,916 shares of the company’s stock traded hands, compared to its average volume of 108,983. Paddy Power Betfair Plc has a 12 month low of GBX 6,635 ($87.56) and a 12 month high of GBX 9,219.80 ($121.67).

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