Betfair Group PT Raised to GBX 1,150 (BET)
Investment analysts at Citigroup Inc. upped their target price on shares of Betfair Group (LON:BET) from GBX 975 ($15.24) to GBX 1,150 ($17.98) in a note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price target would suggest a potential upside of 9.52% from the stock’s previous close.
Betfair Group (LON:BET) traded up 3.55% during mid-day trading on Tuesday, hitting GBX 1050.00. 361,533 shares of the company’s stock traded hands. Betfair Group has a one year low of GBX 259.00 and a one year high of GBX 1056.00. The stock’s 50-day moving average is GBX 961.4 and its 200-day moving average is GBX 838.5.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Betfair Group (LON:BET) in a research note to investors on Friday. They now have a GBX 1,050 ($16.42) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Betfair Group (LON:BET) in a research note to investors on Friday. Finally, analysts at Numis Securities Ltd raised their price target on shares of Betfair Group (LON:BET) from GBX 1,100 ($17.20) to GBX 1,200 ($18.76) in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Betfair Group presently has an average rating of “Buy” and an average price target of GBX 1,017.92 ($15.91).
Betfair Group plc is an online betting and gaming operator. The Company’s segments include Sports, Games, Poker, Management of customer funds, Other investments, Betfair US, LMAX and High rollers.
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