Jefferies Financial Group Initiates Coverage on Paddy Power Betfair (LON:PPB)

Jefferies Financial Group assumed coverage on shares of Paddy Power Betfair (LON:PPB) in a research note issued to investors on Monday, February 4th. The brokerage set a “buy” rating and a GBX 7,900 ($103.23) price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 28.98% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Morgan Stanley raised Paddy Power Betfair to an “equal weight” rating and boosted their price objective for the stock from GBX 6,500 ($84.93) to GBX 6,600 ($86.24) in a research note on Monday, November 5th. Berenberg Bank raised Paddy Power Betfair to a “hold” rating and reduced their price objective for the stock from GBX 7,000 ($91.47) to GBX 6,500 ($84.93) in a research note on Friday, October 12th. Numis Securities reissued a “hold” rating and issued a GBX 6,470 ($84.54) price objective on shares of Paddy Power Betfair in a research note on Friday, November 2nd. Goldman Sachs Group lowered Paddy Power Betfair to a “neutral” rating and reduced their price objective for the stock from GBX 7,700 ($100.61) to GBX 7,400 ($96.69) in a research note on Wednesday, October 31st. Finally, Credit Suisse Group reduced their price objective on Paddy Power Betfair from GBX 7,600 ($99.31) to GBX 6,400 ($83.63) and set a “neutral” rating on the stock in a research note on Tuesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 6,654.55 ($86.95).

LON:PPB traded up GBX 95 ($1.24) during trading hours on Monday, reaching GBX 6,125 ($80.03). The company had a trading volume of 266,587 shares, compared to its average volume of 192,747. Paddy Power Betfair has a one year low of GBX 6,572.50 ($85.88) and a one year high of GBX 8,967 ($117.17).

Paddy Power Betfair Company Profile

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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Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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