Paddy Power Betfair (PPB) Stock Rating Reaffirmed by Barclays
Paddy Power Betfair (PPB) Stock Rating Reaffirmed by Barclays
Paddy Power Betfair appoints Dan Taylor as Europe CEO
13 Января, 2018, 18:23
Deutsche Bank reaffirmed a buy rating and set a £105 ($142.39) price objective on shares of Paddy Power in a report on Thursday, August 31st. Barclays' price objective points to a potential upside of 11.84% from the stock's previous close.
Paddy Power Betfair (LON:PPB)'s stock had its "overweight" rating reissued by analysts at Barclays in a research note issued on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 9,902 ($123.57). On Friday, November 4 the stock rating was maintained by Goodbody with "Buy". As per Tuesday, March 7, the company rating was maintained by Liberum Capital.
In analysts report issued to clients on Thursday morning, Berenberg Bank has chose to cut their rating on shares of Paddy Power Betfair (LON:PPB) to a Sell and has set one year target price equal to GBX 7600.00.
Shares in Paddy Power Betfair fell nearly 3pc to about £85 in early trading yesterday in London, where the company is a member of the FTSE-100. The firm has "Buy" rating by HSBC given on Wednesday, April 13. About 73,561 shares traded.
While conceding that Paddy Power Betfair has strong technology and a robust balance sheet, Morgan Stanley warned that expectations for a significant acceleration in online revenue growth after completion of a project to put customer interfaces onto a single platform may not materialise. It has underperformed by 16.70% the S&P500. The company has a market cap of $7,100.00 and a PE ratio of 5,353.50.
On Wednesday the company announced the appointment of Dan Taylor as chief executive of Europe, which is a newly created role, as well as Barni Evans as chief of Sportsbet, the firm's operations in Australia. The firm operates through Online, Australia, Retail, and USA divisions. It offers exchange sports betting and pari-mutuel betting products, fixed odds games betting, online games and casino, and business-to-business services, as well as peer to peer games, including online bingo and poker.
Moreover, California Public Employees Retirement Sys has 0% invested in Bridgford Foods Corporation (NASDAQ:BRID). The Company focuses on discovery and development of products, which are then manufactured, marketed and sold.
They now have $6.00 target price on the Internet radio service's stock, down from their previous target price of $12.00. After this sale, 316,084 common shares of P are directly owned by the insider, with total stake valued at $1,441,343.
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