Today, Paddy Power Betfair Plc (PPB) Upgrade at Investec

Today, Paddy Power Betfair Plc (PPB) Upgrade at Investec
Paddy Power Betfair Plc (LON:PPB) was upgraded by investment analysts at Investec to a “buy” rating in a report released on Tuesday. The firm presently has a £100 ($124.94) target price on the stock, up from their previous target price of GBX 9,170 ($114.57). Investec’s target price would suggest a potential upside of 16.21% from the company’s current price.

Several other research firms also recently issued reports on PPB. Davy Research reiterated an “outperform” rating on shares of Paddy Power Betfair Plc in a report on Tuesday, November 1st. Shore Capital reiterated a “hold” rating on shares of Paddy Power Betfair Plc in a report on Wednesday, August 24th. Barclays PLC restated an “overweight” rating and set a £115 ($143.68) price target on shares of Paddy Power Betfair Plc in a report on Monday, July 11th. Liberum Capital restated a “hold” rating on shares of Paddy Power Betfair Plc in a report on Wednesday, August 24th. Finally, Goodbody restated a “buy” rating on shares of Paddy Power Betfair Plc in a report on Friday, November 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Paddy Power Betfair Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 9,843.46 ($122.98).

Shares of Paddy Power Betfair Plc (LON:PPB) traded down 1.32% on Tuesday, hitting GBX 8605.00. The stock had a trading volume of 97,731 shares. The firm’s market cap 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 price is GBX 8,678.38 and its 200 day moving average price is GBX 8,863.97.

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