Paddy Power Betfair (LON:PPB) Rating Reaffirmed

June 5, 2018 – By Dolores Ford

Paddy Power Betfair LON:PPB Rating Reaffirmed

Berenberg Bank now has a GBX 7000.00 target price on shares of Paddy Power Betfair LON:PPB. The target price gives a potential downside of -21.26 % from the last close price of Paddy Power Betfair LON:PPB. This rating was revealed to investors in an analyst note on Monday, 4 June.

Paddy Power Betfair plc LON:PPB Ratings Coverage

Among 9 analysts covering Paddy Power Betfair LON:PPB, 3 have Buy rating, 3 Sell and 3 Hold. Therefore 33% are positive. situs judi bola Paddy Power Betfair has GBX 9400 highest and GBX 6500 lowest target. GBX 7990’s average target is -10.12% below currents GBX 8890 stock price. Paddy Power Betfair had 22 analyst reports since December 18, 2017 according to SRatingsIntel. On Monday, February 26 the stock rating was maintained by Peel Hunt with “Reduce”. The firm has “Neutral” rating by Credit Suisse given on Thursday, March 8. As per Friday, March 9, the company rating was maintained by Deutsche Bank. The stock of Paddy Power Betfair plc LON:PPB has “Buy” rating given on Thursday, May 17 by Deutsche Bank. Morgan Stanley maintained it with “Underweight” rating and GBX 7200 target in Thursday, March 8 report. Credit Suisse maintained it with “Neutral” rating and GBX 7400 target in Thursday, May 3 report. The rating was maintained by Numis Securities with “Hold” on Wednesday, March 14. The stock of Paddy Power Betfair plc LON:PPB has “Overweight” rating given on Monday, March 12 by Barclays Capital. On Thursday, May 3 the stock rating was downgraded by Citigroup to “Neutral”. The firm earned “Reduce” rating on Thursday, March 8 by Peel Hunt.

The stock decreased 0.84% or GBX 75 during the last trading session, reaching GBX 8890. About 257,001 shares traded or 0.75% up from the average. Paddy Power Betfair plc LON:PPB has 0.00% since June 6, 2017 and is . It has underperformed by 12.57% the S&P500.

Paddy Power Betfair plc, together with its subsidiaries, provides online interactive sports betting services in the United Kingdom, Ireland, Australia, the Unites States, and internationally. The company has market cap of 7.47 billion GBP. The firm operates through Online, Australia, Retail, and US divisions. It has a 34.81 PE ratio. It offers exchange sports betting and pari-mutuel betting products, fixed odds games betting, online games and casino, and business-to-business services, as well as peer to peer games, including online bingo and poker.

Another recent and important Paddy Power Betfair plc LON:PPB news was published by Businesswirem which published an article titled: “Paddy Power Betfair and FanDuel Enter Merger Agreement to Bring Together US Businesses” on May 23, 2018.

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