Betfair Group Receives “Buy” Rating from Jefferies Group (BET)
Betfair Group (LON:BET)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a report released on Monday. They currently have a GBX 1,175 ($19.75) price target on the stock. Jefferies Group’s price objective suggests a potential upside of 15.65% from the stock’s previous close.
Shares of Betfair Group (LON:BET) traded down 1.18% on Monday, hitting GBX 1004.00. 43,384 shares of the company’s stock traded hands. Betfair Group has a one year low of GBX 805.00 and a one year high of GBX 1179.00. The stock has a 50-day moving average of GBX 980.7 and a 200-day moving average of GBX 1042..
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 Wednesday, June 4th. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Betfair Group in a research note on Tuesday, June 3rd. They now have a GBX 1,225 ($20.60) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Betfair Group in a research note on Tuesday, June 3rd. They now have a GBX 1,150 ($19.33) price target on the stock, down previously from GBX 1,300 ($21.86). Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 1,125.37 ($18.92).
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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