Breaking: Betfair Group (LON:BET) Buy Rating Reconfirmed by HSBC Today; The Price Objective is GBX 4200

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Betfair Group (LON:BET) Rating Reaffirmed

HSBC now has a GBX 4200 target price on the 3.54 billion GBP market cap company or 11.52% upside potential. In an interesting research report announced on 9 December, Betfair Group (LON:BET) shares have had their Buy Rating has restated by professional analysts at HSBC.

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 2400. The mean of all analyst targets is GBX 3390 with a -1.85% below today’s (GBX 3748) 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 284,537 shares of stock traded hands or 44.37% up from the average. Betfair Group Ltd (LON:BET) has risen 53.35% since May 12, 2015 and is uptrending. It has outperformed by 54.15% the S&P500.

Breaking: Betfair Group (LON:BET) Buy Rating Reconfirmed by HSBC Today; The Price Objective is GBX 4200

Betfair Group plc is a United Kingdom online gambling operator. The company has a market cap of 3.54 billion GBP. The Firm offers a range of sports betting and gaming products to clients in around 100 countries. It has 43.64 P/E ratio. The Company’s divisions include Betfair excl.

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