Paddy Power Betfair (PPB) Given Overweight Rating at Barclays

Barclays restated their overweight rating on shares of Paddy Power Betfair (LON:PPB) in a report published on Monday morning. Barclays currently has a GBX 9,400 ($126.51) target price on the stock.

A number of other research analysts have also recently commented on the stock. Deutsche Bank restated a buy rating and set a £105 ($141.32) price target on shares of Paddy Power Betfair in a research note on Thursday, August 31st. Macquarie initiated coverage on shares of Paddy Power Betfair in a research note on Wednesday, October 11th. They set an outperform rating and a GBX 8,500 ($114.40) price target for the company. Goldman Sachs Group restated a buy rating on shares of Paddy Power Betfair in a research note on Monday, September 11th. Morgan Stanley cut shares of Paddy Power Betfair to an equal weight rating and cut their price target for the stock from GBX 9,800 ($131.90) to GBX 7,500 ($100.94) in a research note on Tuesday, September 5th. Finally, Peel Hunt restated a buy rating and set a £100 ($134.59) price target on shares of Paddy Power Betfair in a research note on Monday, September 4th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 8,065.63 ($108.55).

Paddy Power Betfair (LON:PPB) opened at GBX 8,625 ($116.08) on Monday. Paddy Power Betfair has a one year low of GBX 6,572.50 ($88.46) and a one year high of GBX 8,945 ($120.39).

In other news, insider Alexander Gersh sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of GBX 8,273 ($111.35), for a total transaction of £1,654,600 ($2,226,917.90).

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