Is Betfair Group (LON:BET) a Stock One Should Buy Following Today’s Deutsche Bank Upgrade?


Betfair Group (LON:BET) Stock Upgrade

Deutsche Bank has just given Betfair Group (LON:BET) shares an updated Buy rating in recent note issued to clients and investors on Monday morning. The financial company now has a respectable GBX 4200.00 target price on the stock. The target announced by Deutsche Bank is 14.94% from BET’s current share price.

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 24 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank upgraded shares on November 30 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 decreased 0.30% or GBX 10.91 on November 27, striking GBX 3654.09. Approximately shares of stock traded hands. 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.

 Is Betfair Group (LON:BET) a Stock One Should Buy Following Today’s Deutsche Bank Upgrade?

Betfair Group plc is a United Kingdom online gambling operator. The company has a market cap of 3.41 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.