Betfair Group Stock Rating Reaffirmed by Goodbody Stockbrokers Ltd (BET)
Betfair Group (LON:BET)‘s stock had its “hold” rating reaffirmed by investment analysts at Goodbody Stockbrokers Ltd in a note issued to investors on Thursday. They currently have a GBX 1,050 ($17.42) price target on the stock. Goodbody Stockbrokers Ltd’s price objective would indicate a potential downside of 4.11% from the stock’s previous close.
A number of other firms have also recently commented on BET. 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. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Betfair Group currently has a consensus rating of “Hold” and a consensus price target of GBX 1,173.54 ($19.47).
Shares of Betfair Group (LON:BET) opened at 1125.90 on Thursday. Betfair Group has a one year low of GBX 923.53 and a one year high of GBX 1179.00. The stock has a 50-day moving average of GBX 1062.31 and a 200-day moving average of GBX 1038.68. The company’s market cap is £1.165 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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