Citigroup Inc. Reiterates “Buy” Rating for Betfair Group (BET)
Betfair Group (LON:BET)‘s stock had its “buy” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Friday, Stock Ratings Network.com reports. They currently have a GBX 1,150 ($18.45) price target on the stock. Citigroup Inc.’s price target suggests a potential upside of 17.35% from the stock’s previous close.
Betfair Group (LON:BET) opened at 993.5001 on Friday. Betfair Group has a one year low of GBX 641.51 and a one year high of GBX 1118.00. The stock has a 50-day moving average of GBX 1023. and a 200-day moving average of GBX 884.0.
A number of other analysts have also recently weighed in on BET. Analysts at Jefferies Group raised their price target on shares of Betfair Group from GBX 930 ($14.92) to GBX 1,175 ($18.85) 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 from GBX 884 ($14.18) to GBX 945 ($15.16) 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 in a research note to investors on Friday, September 6th. They now have a GBX 1,050 ($16.85) price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 1,038.33 ($16.66).
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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