Paddy Power Betfair PLC (LON:PPB) has received an average recommendation of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 7,300.91 ($95.93).
PPB has been the subject of several research reports. Shore Capital cut shares of Paddy Power Betfair to a “sell” rating in a research note on Friday, June 22nd. Peel Hunt reissued a “reduce” rating on shares of Paddy Power Betfair in a research note on Wednesday, May 2nd. Berenberg Bank boosted their price objective on shares of Paddy Power Betfair from GBX 6,600 ($86.72) to GBX 7,000 ($91.97) and gave the company a “sell” rating in a research note on Monday, June 4th. Citigroup reissued a “neutral” rating and set a GBX 6,500 ($85.40) price objective (down from GBX 8,700 ($114.31)) on shares of Paddy Power Betfair in a research note on Thursday, May 3rd. Finally, Numis Securities reissued an “add” rating and set a GBX 8,320 ($109.32) price objective on shares of Paddy Power Betfair in a research note on Wednesday, May 2nd.
In other news, insider Alexander Gersh sold 30,000 shares of the company’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of GBX 9,097 ($119.52), for a total value of £2,729,100 ($3,585,731.18).
Paddy Power Betfair traded up GBX 60 ($0.79), hitting GBX 8,140 ($106.95), during trading on Tuesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 212,796 shares, compared to its average volume of 192,747. Paddy Power Betfair has a twelve month low of GBX 6,572.50 ($86.36) and a twelve month high of GBX 8,967 ($117.82).
About Paddy Power Betfair
Paddy Power Betfair plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the Unites States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports betting and pari-mutuel betting products; fixed odds games betting; online games and casino; peer to peer games, including online bingo and poker; and business-to-business services.
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