Paddy Power Betfair (PPB) Raised to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of Paddy Power Betfair (LON:PPB) to an equal weight rating in a research note published on Monday. Morgan Stanley currently has GBX 6,600 ($86.24) price target on the stock, up from their previous price target of GBX 6,500 ($84.93).

Other equities analysts have also recently issued research reports about the company. Credit Suisse Group upgraded Paddy Power Betfair to a neutral rating and reduced their price target for the stock from GBX 8,650 ($113.03) to GBX 7,600 ($99.31) in a report on Tuesday, October 23rd. Peel Hunt reiterated a reduce rating on shares of Paddy Power Betfair in a report on Wednesday, August 8th. Goldman Sachs Group cut Paddy Power Betfair to a neutral rating and reduced their price target for the stock from GBX 7,700 ($100.61) to GBX 7,400 ($96.69) in a report on Wednesday, October 31st. Numis Securities lifted their price target on Paddy Power Betfair from GBX 8,320 ($108.72) to GBX 8,530 ($111.46) and gave the stock a hold rating in a report on Wednesday, August 8th. Finally, Barclays reduced their price target on Paddy Power Betfair from GBX 7,730 ($101.01) to GBX 7,500 ($98.00) and set an overweight rating for the company in a report on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 6,911 ($90.30).

Paddy Power Betfair stock opened at GBX 6,740 ($88.07) on Monday. Paddy Power Betfair has a 52 week low of GBX 6,572.50 ($85.88) and a 52 week high of GBX 8,967 ($117.17).

In other Paddy Power Betfair news, insider Peter Jackson purchased 930 shares of Paddy Power Betfair stock in a transaction that occurred on Thursday, August 23rd. The stock was acquired at an average price of GBX 7,168 ($93.66) per share, for a total transaction of £66,662.40 ($87,106.23).

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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