Betfair Group (LON:BET) Stock Upgrade
Deutsche has upgraded shares of Betfair Group (LON:BET) to a Buy and at this point in time has a GBX 4200.00 PT on the stock. This was unveiled in an interesting analyst report earlier today. Deutsche’s PT gives a possible upside of 14.82%.
From a total of 8 analysts covering Betfair Group (LON:BET) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is GBX 4200 while the lowest target price is GBX 2094. The mean of all analyst targets is GBX 3484.86 with a -4.63% below today’s (GBX 3654.09) stock price. Betfair Group was the topic of 23 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank upgraded shares on November 27 to “Buy” rating. Citigroup maintained shares with “Buy” rating and GBX 3500 target share price in a report from a September 28. Numis Securities maintained BET stock in a recent report from November 25 with “Buy” rating. BNP Paribas maintained the rating on September 21. BNP Paribas has a “Neutral” rating and a GBX 3000 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a November 16.
The stock increased 1.45% or GBX 52.09 on November 27, striking GBX 3654.09. Approximately 284,762 shares of stock traded hands or 69.13% up from the average. Betfair Group Ltd (LON:BET) has risen 57.36% since May 1, 2015 and is uptrending. It has outperformed by 58.26% the S&P500.
Betfair Group plc is a United Kingdom online gambling operator. The company has a market cap of 3.40 billion GBP. The Firm offers a range of sports betting and gaming products to clients in around 100 countries. It has 42.55 P/E ratio. The Company’s divisions include Betfair excl.