Betfair Group Stock Rating Reaffirmed by HSBC (BET)
Betfair Group (LON:BET)‘s stock had its “overweight” rating reaffirmed by stock analysts at HSBC in a report issued on Tuesday. They currently have a GBX 1,245 ($20.94) target price on the stock. HSBC’s price target suggests a potential upside of 33.37% from the stock’s previous close.
Betfair Group (LON:BET) traded up 1.50% on Tuesday, hitting GBX 947.5001. The stock had a trading volume of 39,692 shares. Betfair Group has a one year low of GBX 805.00 and a one year high of GBX 1179.00. The stock’s 50-day moving average is GBX 999.5 and its 200-day moving average is GBX 1044..
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Betfair Group in a research note on Friday. They now have a GBX 1,085 ($18.25) price target on the stock. Separately, analysts at Davy Research reiterated a “neutral” rating on shares of Betfair Group in a research note on Thursday, May 15th. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Betfair Group from GBX 1,100 ($18.50) to GBX 1,050 ($17.66) in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Betfair Group presently has a consensus rating of “Buy” and an average target price of GBX 1,127.04 ($18.96).
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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