Paddy Power Betfair (PPB) Stock Rating Reaffirmed by Barclays

Barclays reiterated their overweight rating on shares of Paddy Power Betfair (LON:PPB) in a report released on Thursday. Barclays currently has a GBX 9,400 ($125.69) price target on the stock.

A number of other research firms also recently issued reports on PPB. HSBC boosted their target price on shares of Paddy Power Betfair from GBX 5,700 ($76.21) to GBX 6,000 ($80.22) and gave the company a reduce rating in a research report on Thursday, November 2nd. upped their price objective on shares of Paddy Power Betfair from GBX 5,700 ($76.21) to GBX 6,000 ($80.22) and gave the stock a reduce rating in a report on Thursday, November 2nd. upped their price objective on shares of Paddy Power Betfair from GBX 5,700 ($76.21) to GBX 6,000 ($80.22) and gave the stock a reduce rating in a report on Thursday, November 2nd. Numis Securities restated a hold rating and set a GBX 8,000 ($106.97) price objective on shares of Paddy Power Betfair in a report on Thursday, November 2nd. Finally, upped their price objective on shares of Paddy Power Betfair from GBX 5,700 ($76.21) to GBX 6,000 ($80.22) and gave the stock a reduce rating in a report on Thursday, November 2nd. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Paddy Power Betfair has a consensus rating of Hold and an average target price of GBX 8,065.63 ($107.84).

Shares of Paddy Power Betfair (LON:PPB) opened at GBX 8,716.01 ($116.54) on Thursday. Paddy Power Betfair has a 12-month low of GBX 6,572.50 ($87.88) and a 12-month high of GBX 8,967 ($119.90). The firm has a market capitalization of $7,360.00 and a PE ratio of 5,551.60.

In other news, insider Alexander Gersh sold 20,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of GBX 8,273 ($110.62), for a total value of £1,654,600 ($2,212,327.85).

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Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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