This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Irish p3
Paddy Power Betfair (PPB) / Online Gambling
- In the UK, PPB is set for promotion to the UK 100 blue-chip index, the ascent from €2.30 to €125 (adjusted for M&A) testament to its solid fundamentals while peers have had a less stable rise to all-time highs.
- Broker Jefferies sees the company “likely to dominate U.K. online sports betting, although there are long-term cannibalisation risks.”
Research and updates provided by Accendo Markets will help you ascertain whether you think the Paddy Power Betfair share price will rally back towards the highs of €140 or fall towards support at €110.
Broker Consensus
Think shares will rise? Then go long. €10,000 (80 shares at €124.80) worth of long exposure can be secured for €1,000 with a CFD, and might seek a re-test of the channel ceiling around €140 and a 12% (€1,200) profit.
Think shares will fall? A more bearish outlook could give a trader cause to take €10,000 worth of short exposure, on the expectation that shares will continue to fall towards €110. Again, with a CFD this can be secured for a €1,000 deposit and, if called correctly, could return an 11% profit.
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This research is produced by Accendo Markets Limited.
Research produced and disseminated by Accendo Markets is classified as non-independent research,
and is therefore a marketing communication. This investment research has not been prepared in accordance
with legal requirements designed to promote its independence and it is not subject to the prohibition on
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and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up,
and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.
Prepared by Michael van Dulken, Head of Research
