Paddy Power Betfair Ratings Reaffirmed by Advisors

Advisors at both Numis and Shore Capital have reaffirmed their ratings for online gambling powerhouse Paddy Power and Betfair, albeit providing different recommendations.

In the case of Numis, they reinstated an “add” rating. 

Numis presently has a £100 ($124.80) price target on the stock.

Paddy Power Betfair Plc (LON:PPB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Shore Capital in a research note issued to investors on Monday.

Paddy Power Betfair opened at 7940.00 on Monday. The firm’s 50-day moving average price is GBX 8,575.68 and its 200-day moving average price is GBX 8,786.96.

- Aaron Goldstein, Gambling911.com