Gambling Briefs: Deutsche Bank Holds Steady on Paddy Power ‘Buy’ Rating

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28 December, 2016

Deutsche Bank on Wednesday re-iterated its ‘Buy’ rating with a steady target for Paddy Power Betfair at 10,500.00GBX stating a potential upside of 0.19%.

DailyPolitical.com notes that Paddy Power Betfair has recorded a 50-day average of 8,592.16GBX and a two hundred day average of 8,783.34GBX. Volume of trade was down over the average, with 11,575 shares of PPB changing hands under the typical 129,147

On 12/12/2016, Goldman Sachs released a statement for Paddy Power Betfair (LON:PPB) bumped up the target price from 10,100.00GBX to 11,400.00GBX that suggested an upside of 0.36%.

Paddy Power is the United Kingdom’s third largest bookmaker after William Hill and Ladbrokes. The merger between Paddy Power and Betfair created the largest listed online gambling firm in the world.

- Aaron Goldstein, Gambling911.com

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