Numis Securities Ltd cut shares of Paddy Power Plc (LON:PAP) to a hold rating in a report issued on Thursday, StockTargetPrices.com reports. They currently have GBX 8,480 ($110.73) price target on the stock.
A number of other equities analysts have also recently issued reports on the company. Barclays PLC reissued an overweight rating and issued a £110 ($143.64) target price on shares of Paddy Power Plc in a report on Monday, March 27th. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a £113 ($147.56) target price on shares of Paddy Power Plc in a report on Tuesday, May 30th. Peel Hunt restated a buy rating and set a £110 ($143.64) price target on shares of Paddy Power Plc in a research report on Tuesday, May 23rd. Finally, J P Morgan Chase & Co initiated coverage on Paddy Power Plc in a research report on Wednesday, June 21st. They set a neutral rating and a GBX 8,420 ($109.95) price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Paddy Power Plc has a consensus rating of Hold and an average target price of GBX 9,396.18 ($122.70).
Paddy Power Plc Company Profile
Paddy Power plc is an Ireland-based international betting and gaming company. The Company provides sports betting services through the Internet (paddypower.com, sportsbet.com.au and iasbet.com.au); through a chain of licensed betting offices (Paddy Power Bookmaker); and by telephone (Dial-a-Bet). It also provides online gaming services principally through paddypower.com, paddypowergames.com, paddypowercasino.com, paddypowerpoker.com and paddypowerbingo.com.
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