Trade Report: Today, Paddy Power Plc (PAP) Price Target Cut to GBX 9,850 by Analysts at HSBC

Today, Paddy Power Plc (PAP) Price Target Cut to GBX 9,850 by Analysts at HSBC

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).

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