Betfair Group Given Add Rating at Numis Securities Ltd (BET)
Betfair Group (LON:BET)‘s stock had its “add” rating reaffirmed by research analysts at Numis Securities Ltd in a report released on Thursday. They currently have a GBX 1,250 ($20.74) target price on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 14.16% from the stock’s previous close.
Betfair Group (LON:BET) opened at 1130.00 on Thursday. Betfair Group has a 52 week low of GBX 923.53 and a 52 week high of GBX 1179.00. The stock’s 50-day moving average is GBX 1062.31 and its 200-day moving average is GBX 1038.68. The company’s market cap is £1.169 billion.
Several other analysts have also recently commented on the stock. Analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of Betfair Group in a research note on Thursday. They now have a GBX 1,050 ($17.42) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Betfair Group in a research note on Thursday. They now have a GBX 1,246 ($20.68) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Betfair Group from GBX 1,175 ($19.50) to GBX 1,230 ($20.41) in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,181.23 ($19.60).
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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