Paddy Power Betfair plc (LON:PPB) had its price objective boosted by equities research analysts at HSBC Holdings plc from GBX 5,700 ($74.97) to GBX 6,000 ($78.92) in a research note issued on Thursday, November 2nd. The brokerage presently has a “reduce” rating on the stock. HSBC Holdings plc’s target price would suggest a potential downside of 29.70% from the stock’s current price.

PPB has been the subject of several other reports. American Church Mortgage Company lifted their target price on shares of Paddy Power Betfair plc from GBX 5,700 ($74.97) to GBX 6,000 ($78.92) and gave the stock a “reduce” rating in a research note on Thursday, November 2nd. HSBC lifted their target price on shares of Paddy Power Betfair plc from GBX 5,700 ($74.97) to GBX 6,000 ($78.92) and gave the stock a “reduce” rating in a research note on Thursday, November 2nd. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 8,000 ($105.22) target price on shares of Paddy Power Betfair plc in a research note on Tuesday, August 8th. Shore Capital reaffirmed a “hold” rating on shares of Paddy Power Betfair plc in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 8,420 ($110.75) target price on shares of Paddy Power Betfair plc in a research note on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Paddy Power Betfair plc has a consensus rating of “Hold” and a consensus target price of GBX 8,040.63 ($105.76).

Shares of Paddy Power Betfair plc (LON:PPB) traded down GBX 15 ($0.20) on Thursday, hitting GBX 8,535 ($112.26). 98,323 shares of the stock were exchanged, compared to its average volume of 128,102. Paddy Power Betfair plc has a fifty-two week low of GBX 6,572.50 ($86.45) and a fifty-two week high of GBX 8,995 ($118.31).

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In related news, insider Alexander Gersh sold 20,000 shares of Paddy Power Betfair plc stock in a transaction on Friday, November 3rd. The shares were sold at an average price of GBX 8,273 ($108.81), for a total transaction of £1,654,600 ($2,176,246.22).

Analyst Recommendations for Paddy Power Betfair plc (LON:PPB)

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