Paddy Power Betfair (PPB) Given New GBX 8,690 Price Target at JPMorgan Chase & Co.

Paddy Power Betfair (LON:PPB) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from GBX 8,420 ($114.18) to GBX 8,690 ($117.85) in a note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 2.72% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank reissued a “buy” rating and issued a £105 ($142.39) price objective on shares of Paddy Power Betfair in a research report on Monday, October 2nd. Citigroup restated a “buy” rating and issued a GBX 8,700 ($117.98) price target on shares of Paddy Power Betfair in a report on Monday, October 2nd. Numis Securities restated a “hold” rating and issued a GBX 8,000 ($108.49) price target on shares of Paddy Power Betfair in a report on Thursday, November 2nd. Macquarie began coverage on shares of Paddy Power Betfair in a report on Wednesday, October 11th. They issued an “outperform” rating and a GBX 8,500 ($115.27) price target for the company. Finally, Barclays restated an “overweight” rating and issued a GBX 9,000 ($122.05) price target on shares of Paddy Power Betfair in a report on Monday, September 25th. Six analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 8,082.50 ($109.61).

Paddy Power Betfair (PPB) traded up GBX 55 ($0.75) during trading on Friday, reaching GBX 8,460 ($114.73). 195,637 shares of the company’s stock traded hands, compared to its average volume of 110,375. The stock has a market cap of $7,140.00 and a PE ratio of 5,388.54. Paddy Power Betfair has a 12 month low of GBX 6,572.50 ($89.13) and a 12 month high of GBX 8,967 ($121.60).

In related news, insider Alexander Gersh sold 20,000 shares of the business’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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