Betfair Group (LON:BET) Stock Upgrade
The stock rating of Betfair Group (LON:BET) shares was raised by equity analysts at Nomura to a respectable “Neutral”. They currently have a price target of GBX 3450 on BET. Nomura’s price target suggests a possible downside of -9.02% from the price per share of the company.
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 -3.12% below today’s (GBX 3797) 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.
Approximately 326,536 shares of stock traded hands or 74.05% up from the average. 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 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 44.21 P/E ratio. The Company’s divisions include Betfair excl.