Paddy Power Betfair Plc (PPB) Now Covered by Macquarie

Equities researchers at Macquarie started coverage on shares of Paddy Power Betfair Plc (LON:PPB) in a research report issued to clients and investors on Wednesday. The brokerage set an “outperform” rating and a GBX 8,500 ($111.75) price target on the stock. Macquarie’s target price would suggest a potential upside of 9.89% from the company’s previous close.

A number of other brokerages also recently weighed in on PPB. J P Morgan Chase & Co assumed coverage on shares of Paddy Power Betfair Plc in a research report on Wednesday, June 21st. They issued a “neutral” rating and a GBX 8,420 ($110.70) price objective for the company. Peel Hunt decreased their price objective on shares of Paddy Power Betfair Plc from £110 ($144.62) to £100 ($131.48) and set a “buy” rating for the company in a research report on Monday, July 10th. Barclays PLC reiterated an “overweight” rating and issued a GBX 9,550 ($125.56) price objective on shares of Paddy Power Betfair Plc in a research report on Friday, August 4th. Numis Securities Ltd downgraded shares of Paddy Power Betfair Plc to a “hold” rating and set a GBX 8,480 ($111.49) price objective for the company. in a research report on Thursday, July 13th. Finally, Investec downgraded shares of Paddy Power Betfair Plc to a “sell” rating and decreased their price objective for the stock from £100 ($131.48) to GBX 6,970 ($91.64) in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 8,596.43 ($113.02).

Shares of Paddy Power Betfair Plc (LON PPB) opened at 7715.00 on Wednesday. The stock’s market cap is GBX 6.48 billion. The firm has a 50-day moving average price of GBX 7,230.27 and a 200-day moving average price of GBX 7,931.52. Paddy Power Betfair Plc has a 52 week low of GBX 6,635.00 and a 52 week high of GBX 9,219.80.

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Analyst Recommendations for Paddy Power Betfair Plc (LON:PPB)

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