JPMorgan Chase & Co. Increases Betfair Group Price Target to GBX 990 (BET)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.