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Investment analysts at JPMorgan Chase & Co. increased their target price on shares of Betfair Group (LON:BET) from GBX 975 ($16.00) to GBX 990 ($16.25) in a note issued to investors on Friday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 0.30% from the company’s current price.

Shares of Betfair Group (LON:BET) traded up 1.60% during mid-day trading on Friday, hitting GBX 987.00. The stock had a trading volume of 69,014 shares. Betfair Group has a one year low of GBX 644.00 and a one year high of GBX 1118.00. The stock’s 50-day moving average is GBX 1062. and its 200-day moving average is GBX 1004..

A number of other firms have also recently commented on BET. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Betfair Group in a research note to investors on Friday. They now have a GBX 1,225 ($20.11) price target on the stock. Separately, 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. Finally, 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). One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. Betfair Group has a consensus rating of “Buy” and a consensus target price of GBX 1,095 ($17.97).

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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