Betfair Group (LON:BET) Just Hit With Upgrade From Nomura. Will Other Analysts Also Upgrade the Stock?

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Betfair Group (LON:BET) Stock Upgrade

Nomura has just given Betfair Group (LON:BET) shares an updated Neutral rating in a recent report distributed to Clients on 8 December. The brokerage firm now has a respectable GBX 3450.00 target price per share on the stock. The target announced by Nomura is -9.19% from BET’s current share price.

From a total of 10 analysts covering Betfair Group (LON:BET) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 36% 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 3254.4 with a -3.17% below today’s (GBX 3799.02) stock price. Betfair Group was the topic of 26 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Nomura upgraded shares on December 8 to “Neutral” rating. Citigroup maintained shares with “Buy” rating and GBX 3500 target share price in a report from a September 28. Deutsche Bank upgraded BET stock in a recent report from November 30 to “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 decreased 0.42% or GBX 15.98 on December 7, striking GBX 3799.02. Approximately shares of stock traded hands. Betfair Group Ltd (LON:BET) has risen 54.14% since May 11, 2015 and is uptrending. It has outperformed by 54.73% the S&P500.

 Betfair Group (LON:BET) Just Hit With Upgrade From Nomura. Will Other Analysts Also Upgrade the Stock?

Betfair Group plc is a United Kingdom online gambling operator. The company has a market cap of 3.51 billion GBP. The Firm offers a range of sports betting and gaming products to clients in around 100 countries. It has 44.24 P/E ratio. The Company’s divisions include Betfair excl.

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