Credit Suisse Reiterates “Neutral” Rating for Betfair Group (BET)
Betfair Group (LON:BET)‘s stock had its “neutral” rating reaffirmed by investment analysts at Credit Suisse in a note issued to investors on Friday, StockRatingsNetwork reports. They currently have a GBX 1,085 ($18.28) target price on the stock. Credit Suisse’s price target suggests a potential upside of 11.57% from the company’s current price.
Betfair Group (LON:BET) opened at 943.9999 on Friday. Betfair Group has a 1-year low of GBX 805.00 and a 1-year high of GBX 1179.00. The stock’s 50-day moving average is GBX 1011. and its 200-day moving average is GBX 1045.06.
A number of other firms have also recently commented on BET. Analysts at Davy Research reiterated a “neutral” rating on shares of Betfair Group in a research note on Thursday. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Betfair Group from GBX 1,100 ($18.53) to GBX 1,050 ($17.69) in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Betfair Group from GBX 1,260 ($21.22) to GBX 1,290 ($21.73) in a research note on Wednesday, March 26th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 1,127.04 ($18.98).
Betfair Group plc is an online betting and gaming operator. The Company’s segments include Core Betfair, which includes Exchange, Sports, Gaming and Management of customer funds; Other investments, which includes Betfair US, and High Rollers.
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