Trading Report: Today, Paddy Power Betfair Plc (PPB) PT Raised to £100 at HSBC

Today, Paddy Power Betfair Plc (PPB) PT Raised to £100 at HSBC

Paddy Power Betfair Plc (LON:PPB) had its price objective hoisted by investment analysts at HSBC from GBX 9,850 ($123.06) to £100 ($124.94) in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. HSBC’s price objective suggests a potential upside of 16.21% from the company’s previous close.

A number of other equities research analysts have also recently commented on PPB. Barclays PLC reissued an “overweight” rating and set a £115 ($143.68) target price on shares of Paddy Power Betfair Plc in a research report on Monday, July 11th. Liberum Capital started coverage on shares of Paddy Power Betfair Plc in a research report on Wednesday, July 20th. They set a “hold” rating and a GBX 9,429 ($117.80) target price for the company. Berenberg Bank reissued a “sell” rating and set a GBX 7,500 ($93.70) target price on shares of Paddy Power Betfair Plc in a research report on Friday, July 22nd. Investec increased their target price on shares of Paddy Power Betfair Plc from GBX 8,520 ($106.45) to GBX 9,170 ($114.57) and gave the company a “sell” rating in a research report on Tuesday, August 23rd. Finally, Shore Capital restated a “hold” rating on shares of Paddy Power Betfair Plc in a research note on Wednesday, August 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 9,843.46 ($122.98).

Paddy Power Betfair Plc (LON:PPB) traded down 1.32% on Tuesday, hitting GBX 8605.00. 97,731 shares of the company were exchanged. The company’s market capitalization is GBX 7.15 billion. Paddy Power Betfair Plc has a 52 week low of GBX 6,525.00 and a 52 week high of GBX 14,275.00. The firm’s 50 day moving average is GBX 8,678.38 and its 200 day moving average is GBX 8,863.97.

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