Citigroup Reaffirms Neutral Rating for Paddy Power Betfair (PPB)

Paddy Power Betfair (LON:PPB)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup in a report released on Thursday.

Several other equities analysts have also weighed in on PPB. Deutsche Bank reiterated a “buy” rating on shares of Paddy Power Betfair in a report on Thursday, May 17th. Berenberg Bank dropped their price objective on shares of Paddy Power Betfair from GBX 7,600 ($101.97) to GBX 6,600 ($88.55) and set a “sell” rating on the stock in a report on Wednesday, May 9th. Peel Hunt reiterated a “reduce” rating on shares of Paddy Power Betfair in a report on Wednesday, May 2nd. Credit Suisse Group dropped their price objective on shares of Paddy Power Betfair from GBX 7,800 ($104.66) to GBX 7,400 ($99.29) and set a “neutral” rating on the stock in a report on Thursday, May 3rd. Finally, Numis Securities reiterated an “add” rating and set a GBX 8,320 ($111.63) price objective on shares of Paddy Power Betfair in a report on Wednesday, May 2nd. Eight analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Paddy Power Betfair currently has an average rating of “Hold” and an average target price of GBX 7,627.50 ($102.34).

Shares of LON PPB opened at GBX 8,630 ($115.79) on Thursday. Paddy Power Betfair has a 1-year low of GBX 6,572.50 ($88.19) and a 1-year high of GBX 8,967 ($120.31).

Paddy Power Betfair Company Profile

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 operates through Online, Australia, Retail, and US segments. 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.

Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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