Paddy Power Betfair Plc (PPB) Downgraded by HSBC Holdings plc

HSBC Holdings plc cut shares of Paddy Power Betfair Plc (LON:PPB) to a hold rating in a research note published on Wednesday morning. They currently have GBX 8,900 ($111.22) target price on the stock.

A number of other brokerages have also recently commented on PPB. Davy Research reiterated an outperform rating on shares of Paddy Power Betfair Plc in a report on Tuesday, November 1st. Investec reiterated a hold rating and set a GBX 1,122 ($14.02) target price (down previously from GBX 9,170 ($114.60)) on shares of Paddy Power Betfair Plc in a report on Wednesday, November 2nd. Liberum Capital reiterated a hold rating and set a GBX 9,835 ($122.91) target price on shares of Paddy Power Betfair Plc in a report on Friday, November 4th. Goodbody reiterated a buy rating on shares of Paddy Power Betfair Plc in a report on Friday, November 4th. Finally, Barclays PLC reiterated an overweight rating and set a £115 ($143.71) target price on shares of Paddy Power Betfair Plc in a report on Monday, November 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten 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 ($123.74).

Shares of Paddy Power Betfair Plc (LON:PPB) opened at 8465.00 on Wednesday. The company has a 50 day moving average price of GBX 8,574.59 and a 200 day moving average price of GBX 8,765.03. Paddy Power Betfair Plc has a 12-month low of GBX 6,525.00 and a 12-month high of GBX 11,012.68. The stock’s market cap is GBX 7.04 billion.

“Paddy Power Betfair Plc (PPB) Downgraded by HSBC Holdings plc” was published by sleekmoney and is the property of of sleekmoney. If you are viewing this piece on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this piece can be accessed at http://sleekmoney.com/paddy-power-betfair-plc-ppb-downgraded-by-hsbc-holdings-plc/1662035.html.

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/paddy-power-betfair-plc-ppb-downgraded-by-hsbc-holdings-plc/1662035.html

Receive News & Ratings for Paddy Power Betfair Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paddy Power Betfair Plc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *