Betfair Group Given “Buy” Rating at Citigroup Inc. (BET)
Betfair Group (LON:BET)‘s stock had its “buy” rating reiterated by analysts at Citigroup Inc. in a research report issued to clients and investors on Friday, American Banking News.com reports. They currently have a GBX 1,225 ($20.11) target price on the stock. Citigroup Inc.’s target price would suggest a potential upside of 24.11% from the stock’s previous close.
BET has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Betfair Group in a research note to investors on Thursday, January 16th. They now have a GBX 1,060 ($17.40) price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Betfair Group to a “neutral” rating in a research note to investors on Monday, January 13th. They now have a GBX 1,085 ($17.81) price target on the stock, down previously from GBX 1,185 ($19.45). Finally, analysts at Barclays reiterated an “overweight” rating on shares of Betfair Group in a research note to investors on Thursday, January 9th. They now have a GBX 1,120 ($18.38) price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,095 ($17.97).
Betfair Group (LON:BET) traded up 1.60% during mid-day trading on Friday, hitting GBX 987.00. 69,014 shares of the company’s stock traded hands. Betfair Group has a 52 week low of GBX 644.00 and a 52 week high of GBX 1118.00. The stock’s 50-day moving average is GBX 1062. and its 200-day moving average is GBX 1004..
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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