Analyst at Deutsche Keeps Paddy Power Betfair (LON:PPB)Stock Rating as a ‘”Buy”’

May 17, 2018 - By Eva Godbolt

Paddy Power Betfair plc (LON:PPB) Logo

Paddy Power Betfair (LON:PPB) Rating Reaffirmed

Paddy Power Betfair (LON:PPB) has had their stock rating noted as a solid “Buy” by stock research analysts at Deutsche. This was released in a report on 17 May.

Paddy Power Betfair plc (LON:PPB) Ratings Coverage

Among 9 analysts covering Paddy Power Betfair (LON:PPB), 3 have Buy rating, 3 Sell and 3 Hold. Therefore 33% are positive. Paddy Power Betfair has GBX 9400 highest and GBX 6500 lowest target. GBX 7990’s average target is -4.94% below currents GBX 8405 stock price. Paddy Power Betfair had 21 analyst reports since December 18, 2017 according to SRatingsIntel. The firm has “Reduce” rating given on Monday, February 26 by Peel Hunt. Numis Securities maintained Paddy Power Betfair plc (LON:PPB) rating on Wednesday, March 14. Numis Securities has “Hold” rating and GBX 8320 target. On Friday, January 12 the stock rating was maintained by JP Morgan with “Neutral”. The rating was maintained by Barclays Capital on Monday, March 12 with “Overweight”. On Monday, December 18 the stock rating was maintained by Barclays Capital with “Overweight”. As per Thursday, January 4, the company rating was maintained by Barclays Capital. The firm has “Buy” rating by Deutsche Bank given on Friday, March 9. The stock of Paddy Power Betfair plc (LON:PPB) has “Reduce” rating given on Monday, April 23 by Peel Hunt. The rating was maintained by Morgan Stanley with “Underweight” on Tuesday, April 24. Numis Securities maintained the stock with “Add” rating in Wednesday, May 2 report.

The stock increased 1.88% or GBX 155 during the last trading session, reaching GBX 8405. About 500,963 shares traded or 112.68% up from the average. Paddy Power Betfair plc (LON:PPB) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Paddy Power Betfair plc, together with its subsidiaries, provides online interactive sports betting services in the United Kingdom, Ireland, Australia, the Unites States, and internationally. The company has market cap of 7.09 billion GBP. The firm operates through Online, Australia, Retail, and US divisions. It has a 32.91 P/E ratio. It offers exchange sports betting and pari-mutuel betting products, fixed odds games betting, online games and casino, and business-to-business services, as well as peer to peer games, including online bingo and poker.

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