Betfair Group Given Overweight Rating at Barclays (BET)
Betfair Group (LON:BET)‘s stock had its “overweight” rating reissued by analysts at Barclays in a research report issued to clients and investors on Thursday. They currently have a GBX 1,246 ($20.68) target price on the stock. Barclays’ price objective suggests a potential upside of 13.79% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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 ($20.58) price target on the stock. Finally, 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 ($15.32) price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,173.54 ($19.47).
Shares of Betfair Group (LON:BET) opened at 1124.00 on Thursday. 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 1062.31 and its 200-day moving average is GBX 1038.68. The company’s market cap is £1.163 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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