Paddy Power Betfair (LON:PPB) had its target price decreased by Credit Suisse Group from GBX 8,700 ($120.20) to GBX 7,800 ($107.76) in a research note issued to investors on Thursday morning. Credit Suisse Group currently has a neutral rating on the stock.
PPB has been the topic of a number of other research reports. Barclays reaffirmed an overweight rating and issued a GBX 9,400 ($129.87) target price on shares of Paddy Power Betfair in a report on Wednesday, January 10th. JPMorgan Chase & Co. raised their target price on Paddy Power Betfair from GBX 8,420 ($116.33) to GBX 8,690 ($120.06) and gave the company a neutral rating in a report on Friday, January 12th. Numis Securities reaffirmed a hold rating and issued a GBX 8,000 ($110.53) target price on shares of Paddy Power Betfair in a report on Wednesday, March 7th. Peel Hunt reaffirmed a reduce rating and issued a GBX 7,500 ($103.62) target price on shares of Paddy Power Betfair in a report on Wednesday, March 7th. Finally, Berenberg Bank lowered Paddy Power Betfair to a sell rating and set a GBX 7,600 ($105.00) target price on the stock. in a report on Thursday, January 11th. Eight research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 7,832.50 ($108.21).
Shares of Paddy Power Betfair (LON:PPB) opened at GBX 7,905 ($109.22) on Thursday. The stock has a market capitalization of $6,670.00 and a P/E ratio of 3,100.00. Paddy Power Betfair has a fifty-two week low of GBX 6,572.50 ($90.81) and a fifty-two week high of GBX 8,967 ($123.89).
Paddy Power Betfair plc, formerly Paddy Power plc, is an Ireland-based public online betting and gaming company. The Company operates through Online (ex Australia), Online Australia, UK Retail, Irish Retail, and Telephone segments. The Company offers sports betting and gaming, which include gaming machines, games, casino, bingo and poker, and business-to-business (B2B) services.
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