Betfair Group Given Consensus Rating of “Hold” by Brokerages (LON:BET)
Shares of Betfair Group (LON:BET) have received an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,179.25 ($19.84).
A number of research firms have recently commented on BET. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Betfair Group in a research note on Tuesday. They now have a GBX 1,240 ($20.86) price target on the stock. Separately, analysts at Nomura downgraded shares of Betfair Group to a “reduce” rating in a research note on Wednesday, July 30th. They now have a GBX 923 ($15.53) price target on the stock. Finally, analysts at Barclays raised their price target on shares of Betfair Group from GBX 1,245.60 ($20.96) to GBX 1,246 ($20.97) in a research note on Thursday, July 24th. They now have an “overweight” rating on the stock.
Betfair Group (LON:BET) opened at 1067.00 on Friday. Betfair Group has a 52-week low of GBX 920.50 and a 52-week high of GBX 1179.00. The stock’s 50-day moving average is GBX 1019. and its 200-day moving average is GBX 1031.. The company’s market cap is £1.104 billion.
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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