Macquarie Initiates Coverage on Paddy Power Plc (PAP)

Stock analysts at Macquarie started coverage on shares of Paddy Power Plc (LON:PAP) in a research note issued to investors on Wednesday. The firm set an “outperform” rating and a GBX 8,500 ($111.75) price target on the stock.

PAP has been the subject of a number of other research reports. Peel Hunt reissued a “buy” rating and issued a £100 ($131.48) price objective on shares of Paddy Power Plc in a research note on Monday, September 4th. Deutsche Bank AG reissued a “buy” rating and issued a £105 ($138.05) price objective on shares of Paddy Power Plc in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of Paddy Power Plc from £110.35 ($145.08) to £106.60 ($140.15) and set a “buy” rating for the company in a research note on Monday, August 21st. Numis Securities Ltd reissued a “hold” rating and issued a GBX 8,000 ($105.18) price objective on shares of Paddy Power Plc in a research note on Tuesday, August 8th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 9,550 ($125.56) price objective on shares of Paddy Power Plc in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 8,928.17 ($117.38).

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Analyst Recommendations for Paddy Power Plc (LON:PAP)

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