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Pin to quick picksPaddy Power Betfair Share News (PPB)

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Jefferies bullish on bookies GVC, Hills and PPB

Mon, 04th Feb 2019 11:50

(Sharecast News) - GVC Holdings, William Hill and Paddy Power Betfair were all initiated at 'buy' by Jefferies on Monday as analysts see "at least a decade" of growth in the USA.Jefferies analysts see two stages in the evolution of the UK listed gaming sector an imminent re-rating "now that the regulation-driven downgrade cycle is largely complete and there is greater earnings certainty".This, they predict, will be followed by a "realisation of the scale of US sports betting opportunity", which by 2023 they forecast could be worth $12bn in gross yield, which is nearly three times as large as the UK's $4.2bn.GVC was given a share price target of 1,100p, Paddy Power Betfair of 7,900p and William Hill 230p.The price targets "do not include any upside from the USA".
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(ShareCast News) - First-quarter sales and profits at Paddy Power Betfair got off to a solid gallop as the newly merged bookmaker enjoyed good performances across all divisions, though retail struggled slightly. Revenue of £339m represented a 16% increase on the same period last year, had Betfair an

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4 May 2016 06:39

TOP NEWS: Paddy Power Betfair First Quarter Revenue And Earnings Rise

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26 Apr 2016 10:14

Paddy Power Betfair boosted by Morgan Stanley upgrade

(ShareCast News) - Paddy Power Betfair got a boost on Tuesday as Morgan Stanley lifted its stance on the shares to 'overweight' from 'equalweight', saying the stock's drop of over 20% in the last two months made for a compelling entry point. "We are not changing forecasts, but see upside risks given

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20 Apr 2016 14:30

Credit Suisse starts Paddy Power Betfair at 'underperform'

(ShareCast News) - Credit Suisse initiated coverage of Paddy Power Betfair at 'underperform' with a 8,650p price target, saying the merger benefits were being overplayed, with the cost synergies and scale failing to justify the share price. "We feel that cost synergies alone are a poor rationale for

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8 Apr 2016 14:03

SocGen highlights 11 stocks that could benefit from Euro 2016

(ShareCast News) - Ahead of the UEFA European Football Championship that kicks off in June, Societe Generale highlighted a selection of stocks that could benefit from the tournament. The matches, which will take place in France, are expected to attract more than 2.5m fans - around 1.5m foreign visit

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5 Apr 2016 12:27

Paddy Power Betfair to cut 650 back office jobs

(ShareCast News) - Newly merged bookmaker Paddy Power Betfair is planning to axe 650 back office jobs in the UK and Ireland. Having completed the merger in February and been left with a 7,500-strong workforce, the enlarged company is looking to make 350 cuts in England and 300 in Ireland to extract

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23 Mar 2016 17:17

LONDON MARKET CLOSE: US Crude Build-Up Weighs On Oil Prices And Stocks

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23 Mar 2016 12:09

LONDON MARKET MIDDAY: Betting Stocks Back Of The Pack In Flat Trade

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23 Mar 2016 10:34

WINNERS & LOSERS SUMMARY: William Hill Warning Drags Down Bookmakers

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23 Mar 2016 08:40

LONDON MARKET OPEN: Kingfisher And Sky Lead Firm FTSE 100

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23 Mar 2016 07:35

Paddy Power Betfair COO McCue Steps Down Following Merger

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LONDON MARKET MIDDAY: Miners Weigh On FTSE 100 In Mixed Trading

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14 Mar 2016 17:40

DIRECTOR DEALINGS SUMMARY: Paddy Power Betfair Non-Executive Sells

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