14 Mar 2018 17:41
DIRECTOR DEALINGS: Paddy Power Betfair Chairman Buys Shares
LONDON (Alliance News) - Gambling company Paddy Power Betfair PLC said Wednesday that Chairman Gary McGann bought EUR110,562 worth of shares on chairman bought
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Don't have an account? Click here to register.Berenberg upgrades Paddy Power to 'hold', sees US concerns as being 'premature'
Fri, 12th Oct 2018 11:38
(Sharecast News) - Analysts at Berenberg upgraded bookmaker Paddy Power to 'hold' on Friday, noting that it believes recent scepticism surrounding the newly opened-up US sports betting market had been "premature".Berenberg's current analysis valued the market opportunity at as much as $25bn per year, of which it believes Paddy Power could take 15% "over the long-term". The broker also praised Paddy Power Betfair's joint-venture with FanDuel for affording the group an attractive opportunity to align itself with an established brand and also highlighted further benefits provided to it via land-based partner Boyd Gaming's distribution capabilities.While the German broker did cut its price target on Paddy Power Betfair from 7,000p to 6,500p, its analysts said the recent slump in share price meant they now actually saw some upside, prompting them to revise their rating from 'sell' to 'hold'."Despite the few challenges still remaining, we think most of the negatives are priced in," they said.Berenberg now thinks that the US opportunity is "more interesting" than it had initially thought. However, the broker still highlighted risks as Paddy Power's underlying established business had "only just started improving".Indeed, stripping out the US sports betting opportunity, the broker noted that it still saw "significant downside potential", suggesting that taking a cautious approach may be the best.However, on the upside, Berenberg acknowledged that the group's digital gaming business, as well as the Paddy Power brand itself, had "shown signs of improvement" - if the outfit was capable of maintaining this improved performance, the broker said a "more positive stance on the shares would be justified".
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7 Mar 2018 17:39
UPDATE 1-FTSE 100 edges up powered by Rolls Royce
* Rolls Royce up 11.5 pct after results * Paddy Power tumbles on disappointing guidance * WPP hit by report P&G cutting ad agency spending (Updates with details, closing Helen 7
Read more7 Mar 2018 10:38
WINNERS & LOSERS SUMMARY: Rolls-Royce Powers Up On Restructuring Plan
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - up 12%. The aircraft-engine maker reported a
Read more7 Mar 2018 10:00
Renewed trade fears weigh on FTSE 100 while Rolls Royce roars up
* Rolls Royce up 13 pct after results * Paddy Power Betfair tumbles 5 pct * Hill & Smith leads FTSE 250 * WPP hit by report P&G cutting ad agency spending By 7
Read more5 Mar 2018 09:52
BUZZ-Irish stocks: playing catch-up after snow closed exchange
** Irish stocks among top fallers in Europe on Monday, playing catch-up with Friday's sell-off after the stock exchange closed for bad weather ** Irish Stock closed
Read more15 Feb 2017 08:16
HSBC downgrades bookmakers as 'series of risks' looms
(ShareCast News) - HSBC downgraded shares in William Hill, Ladbrokes Coral and Paddy Power Betfair as they face a consumer spending slowdown and a series of other risks in the coming months. Hills and Laddies were moved to 'reduce' ratings from their previous 'hold' and PPB to 'hold' from 'buy'. As
Read more23 Jan 2017 15:00
FTSE 100 movers: Paddy Power and banks lead London losers
(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr
Read more23 Jan 2017 07:13
Trump win truncates profits at Paddy Power Betfair
(ShareCast News) - Paddy Power Betfair said it would not hit its top-end targets after Donald Trump's unexpected US election win and several other punter-friendly sporting results at the end of the year cost the bookmaker around £40m. This was more than analysts were expecting, as rivals William Hil
Read more15 Nov 2016 12:30
Tuesday broker round-up
(ShareCast News) - Dairy Crest: Jefferies downgrades to underperform with a target price of 500p. Royal Dutch Shell: HSBC reiterates buy with a 2360p target. Polymetal: Jefferies stays at underperform with a 700p target. Tesco: Credit Suisse reiterates underperform with a 130p target. Paddy Power
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