Davy Research Reiterates “Neutral” Rating for Betfair Group (BET)
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Betfair Group in a research note on Tuesday. They now have a GBX 1,225 ($20.54) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Betfair Group in a research note on Tuesday. They now have a GBX 1,150 ($19.28) price target on the stock, down previously from GBX 1,300 ($21.79). Finally, analysts at HSBC reiterated an “overweight” rating on shares of Betfair Group in a research note on Tuesday, May 20th. They now have a GBX 1,245 ($20.87) price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Betfair Group presently has an average rating of “Buy” and a consensus target price of GBX 1,117.04 ($18.73).
Betfair Group (LON:BET) opened at 995.50 on Wednesday. Betfair Group has a 1-year low of GBX 805.00 and a 1-year high of GBX 1179.00. The stock has a 50-day moving average of GBX 981.1 and a 200-day moving average of GBX 1043.56.
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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