Paddy Power Betfair (LON:PPB) had its target price hoisted by JPMorgan Chase & Co. from GBX 8,420 ($114.18) to GBX 8,690 ($117.85) in a research note released on Friday. The brokerage currently has a neutral rating on the stock.
Several other research analysts have also weighed in on the stock. Barclays restated an overweight rating and set a GBX 9,400 ($127.47) target price on shares of Paddy Power Betfair in a research report on Monday, December 18th. Deutsche Bank restated a buy rating and set a £105 ($142.39) target price on shares of Paddy Power Betfair in a research report on Wednesday, November 1st. Macquarie started coverage on shares of Paddy Power Betfair in a research report on Wednesday, October 11th. They set an outperform rating and a GBX 8,500 ($115.27) target price on the stock. lowered their target price on shares of Paddy Power Betfair from GBX 6,900 ($93.57) to GBX 5,700 ($77.30) and set a reduce rating on the stock in a research report on Thursday, September 21st. Finally, Numis Securities restated a hold rating and set a GBX 8,000 ($108.49) target price on shares of Paddy Power Betfair in a research report on Thursday, November 2nd. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 8,082.50 ($109.61).
Paddy Power Betfair (PPB) opened at GBX 8,490 ($115.13) on Friday. Paddy Power Betfair has a 1 year low of GBX 6,572.50 ($89.13) and a 1 year high of GBX 8,967 ($121.60). The firm has a market cap of $7,170.00 and a PE ratio of 5,407.64.
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