Barclays Reiterates “Overweight” Rating for Paddy Power Betfair (PPB)

Barclays restated their overweight rating on shares of Paddy Power Betfair (LON:PPB) in a research report released on Wednesday. Barclays currently has a GBX 9,400 ($127.47) price objective on the stock.

Several other research analysts have also weighed in on the stock. Deutsche Bank reissued a buy rating and set a £105 ($142.39) price objective on shares of Paddy Power Betfair in a research note on Wednesday, November 1st. Macquarie started 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 ($115.27) price objective on the stock. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 8,420 ($114.18) price objective on shares of Paddy Power Betfair in a research note on Thursday, November 2nd. reduced their price objective on shares of Paddy Power Betfair from GBX 6,900 ($93.57) to GBX 5,700 ($77.30) and set a reduce rating on the stock in a research note on Thursday, September 21st. Finally, Numis Securities reissued a hold rating and set a GBX 8,000 ($108.49) price objective on shares of Paddy Power Betfair in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 8,082.50 ($109.61).

Paddy Power Betfair (PPB) traded up GBX 55 ($0.75) during trading on Wednesday, reaching GBX 8,460 ($114.73). 195,637 shares of the company traded hands, compared to its average volume of 110,375. Paddy Power Betfair has a twelve month low of GBX 6,572.50 ($89.13) and a twelve month high of GBX 8,967 ($121.60). The company has a market cap of $7,140.00 and a price-to-earnings ratio of 5,388.54.

In other Paddy Power Betfair 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 ($112.19), for a total transaction of £1,654,600 ($2,243,829.67).

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Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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