Paddy Power Betfair Plc (PPB) Given New GBX 6,000 Price Target at HSBC Holdings plc

Paddy Power Betfair Plc (LON:PPB) had its target price hoisted by HSBC Holdings plc from GBX 5,700 ($75.22) to GBX 6,000 ($79.18) in a report issued on Thursday. HSBC Holdings plc currently has a reduce rating on the stock.

Several other research analysts have also commented on PPB. Peel Hunt cut their price target on shares of Paddy Power Betfair Plc from £110 ($145.16) to £100 ($131.96) and set a buy rating on the stock in a report on Monday, July 10th. Numis Securities Ltd lowered shares of Paddy Power Betfair Plc to a hold rating and set a GBX 8,480 ($111.90) price target on the stock. in a report on Thursday, July 13th. Barclays PLC cut their price target on shares of 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. Investec lowered shares of Paddy Power Betfair Plc to a sell rating and cut their price target for the company from £100 ($131.96) to GBX 6,970 ($91.98) in a report on Friday, July 21st. Finally, Shore Capital restated a hold rating on shares of Paddy Power Betfair Plc in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 8,617.86 ($113.72).

Paddy Power Betfair Plc (LON:PPB) opened at GBX 8,256 ($108.95) on Thursday. Paddy Power Betfair Plc has a 1-year low of GBX 6,635 ($87.56) and a 1-year high of GBX 9,219.80 ($121.67).

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