Deutsche Reaffirms The “Buy” Rating They’ve had for Paddy Power Betfair (LON:PPB) Shares

May 17, 2018 - By Duane Lopez

Paddy Power Betfair plc (LON:PPB) Logo

Paddy Power Betfair (LON:PPB) Rating Reaffirmed

Paddy Power Betfair (LON:PPB) shares have had their “Buy” Rating kept by equity analysts at Deutsche in a note revealed 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. Peel Hunt maintained Paddy Power Betfair plc (LON:PPB) on Monday, February 26 with “Reduce” rating. The stock has “Sell” rating by Berenberg on Wednesday, May 9. The firm has “Neutral” rating by Citigroup given on Thursday, May 3. The company was maintained on Thursday, May 3 by Credit Suisse. The firm has “Reduce” rating given on Monday, March 19 by Peel Hunt. Morgan Stanley maintained Paddy Power Betfair plc (LON:PPB) on Tuesday, April 24 with “Underweight” rating. Barclays Capital maintained the shares of PPB in report on Wednesday, January 10 with “Overweight” rating. As per Thursday, March 8, the company rating was maintained by Credit Suisse. The firm earned “Reduce” rating on Monday, April 23 by Peel Hunt. The firm has “Hold” rating given on Wednesday, March 14 by Numis Securities.

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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