Paddy Power Betfair PLC (LON:PPB) Receives GBX 6,616.67 Consensus PT from Brokerages

Paddy Power Betfair PLC (LON:PPB) has received an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 6,616.67 ($86.46).

PPB has been the subject of several research reports. Barclays set a $46.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Friday, April 26th. Berenberg Bank reiterated a “buy” rating and set a GBX 110 ($1.44) price objective on shares of Eco Atlantic Oil & Gas in a research note on Friday, March 29th. Jefferies Financial Group reiterated a “hold” rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. UBS Group boosted their price objective on Tableau Software to $134.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Numis Securities reiterated a “buy” rating and set a GBX 340 ($4.44) price objective on shares of BT Group in a research note on Tuesday, May 7th.

In other Paddy Power Betfair news, insider Zillah Byng-Thorne purchased 336 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average cost of GBX 5,862 ($76.60) per share, for a total transaction of £19,696.32 ($25,736.73).

Shares of PPB remained flat at $GBX 5,676 ($74.17) during trading hours on Tuesday. The stock had a trading volume of 330,425 shares, compared to its average volume of 192,747. Paddy Power Betfair has a 12-month low of GBX 5,390 ($70.43) and a 12-month high of GBX 8,440 ($110.28). The stock’s 50-day moving average price is GBX 5,648.16. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.64 and a quick ratio of 0.24. The stock has a market capitalization of $4.74 billion and a PE ratio of 23.61.

Paddy Power Betfair Company Profile

Paddy Power Betfair plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports betting products; fixed odds games betting; online games and casino; peer-to-peer games, including online bingo and poker; and business-to-business services.

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Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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