Paddy Power Plc (LON:PAP) had its target price lowered by analysts at HSBC from £100 ($124.94) to GBX 9,850 ($123.06) in a report released on Tuesday, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the stock.
Several other analysts also recently weighed in on PAP. Numis Securities Ltd restated an “add” rating and issued a £100 ($124.94) price objective on shares of Paddy Power Plc in a report on Monday, November 7th. Investec lifted their price objective on Paddy Power Plc from GBX 8,520 ($106.45) to GBX 9,170 ($114.57) and gave the company a “sell” rating in a report on Tuesday, August 23rd. Barclays PLC restated an “overweight” rating and issued a £115 ($143.68) price objective on shares of Paddy Power Plc in a report on Monday, July 11th. Liberum Capital restated an “add” rating on shares of Paddy Power Plc in a report on Tuesday, September 6th. Finally, Berenberg Bank initiated coverage on Paddy Power Plc in a report on Friday, July 22nd. They issued a “sell” rating and a GBX 7,500 ($93.70) price objective for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Paddy Power Plc currently has an average rating of “Hold” and a consensus target price of GBX 9,668.64 ($120.80).
About Paddy Power Plc