Betfair Group Given Average Recommendation of “Hold” by Analysts (LON:BET)
Betfair Group (LON:BET) has been given an average rating of “Hold” by the sixteen brokerages that are presently covering the stock, American Banking News reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 1,179.25 ($19.78).
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Betfair Group in a research note on Tuesday, August 5th. They now have a GBX 1,240 ($20.80) 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 ($15.48) price target on the stock. Finally, analysts at Barclays raised their price target on shares of Betfair Group from GBX 1,245.60 ($20.90) to GBX 1,246 ($20.90) in a research note on Thursday, July 24th. They now have an “overweight” rating on the stock.
Shares of Betfair Group (LON:BET) opened at 1064.00 on Friday. Betfair Group has a 1-year low of GBX 923.53 and a 1-year high of GBX 1179.00. The stock’s 50-day moving average is GBX 1024. and its 200-day moving average is GBX 1032.. The company’s market cap is £1.101 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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