Betfair Group Given New GBX 1,175 Price Target at Jefferies Group (BET)
Research analysts at Jefferies Group lifted their target price on shares of Betfair Group (LON:BET) from GBX 930 ($14.54) to GBX 1,175 ($18.37) in a report released on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective points to a potential upside of 11.90% from the company’s current price.
A number of other firms have also recently commented on BET. Analysts at Deutsche Bank raised their price target on shares of Betfair Group (LON:BET) from GBX 884 ($13.82) to GBX 945 ($14.77) in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Betfair Group (LON:BET) from GBX 975 ($15.24) to GBX 1,150 ($17.98) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Betfair Group (LON:BET) in a research note to investors on Friday, September 6th. They now have a GBX 1,050 ($16.42) price target on the stock.
One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Betfair Group presently has a consensus rating of “Buy” and a consensus price target of GBX 1,038.33 ($16.23).
Shares of Betfair Group (LON:BET) traded up 0.48% during mid-day trading on Thursday, hitting GBX 1055.00. The stock had a trading volume of 376,756 shares. The stock’s 50-day moving average is GBX 965.7 and its 200-day moving average is GBX 840.9.
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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