Jefferies Group Increases Betfair Group Price Target to GBX 1,230 (BET)
Stock analysts at Jefferies Group hoisted their price target on shares of Betfair Group (LON:BET) from GBX 1,175 ($19.71) to GBX 1,230 ($20.63) in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 11.82% from the company’s current price.
Shares of Betfair Group (LON:BET) traded down 0.18% on Thursday, hitting GBX 1098.00. The stock had a trading volume of 222,806 shares. Betfair Group has a 52 week low of GBX 923.53 and a 52 week high of GBX 1179.00. The stock has a 50-day moving average of GBX 1032. and a 200-day moving average of GBX 1034.. The company’s market cap is £1.136 billion.
Other equities research analysts have also recently issued reports about 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Betfair Group has a consensus rating of “Hold” and an average price target of GBX 1,183.83 ($19.86).
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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