Citigroup Inc. Reiterates Buy Rating for Betfair Group (BET)
Betfair Group (LON:BET)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 1,150 ($18.55) target price on the stock. Citigroup Inc.’s target price indicates a potential upside of 12.75% from the company’s current price.
A number of other firms have also recently commented on BET. Analysts at Jefferies Group raised their price target on shares of Betfair Group (LON:BET) from GBX 930 ($15.00) to GBX 1,175 ($18.96) in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Betfair Group (LON:BET) from GBX 884 ($14.26) to GBX 945 ($15.25) in a research note to investors on Tuesday, September 10th. They now have a “hold” 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 ($16.94) price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,038.33 ($16.75).
Shares of Betfair Group (LON:BET) traded down 0.88% during mid-day trading on Wednesday, hitting GBX 1010.9999. 11,331 shares of the company’s stock traded hands. Betfair Group has a 1-year low of GBX 641.51 and a 1-year high of GBX 1118.00. The stock has a 50-day moving average of GBX 998.2 and a 200-day moving average of GBX 857.4.
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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