Paddy Power
Does this Upgrade present an opportunity for you?
Is it irrelevant, or will the Upgrade make the Paddy Power Betfair share price more attractive?
- Numis Securities upgrades to Add, with a target of 6950.
- Consensus summary: 5 Buys, 7 Holds, 4 Sell; Average target: 6771p (Source: Bloomberg).
- Current share price 6255p (at time of writing).
- Will the upgrade push the shares back towards 7537p Nov. highs?
- Shares -14.1% from 2019 highs; +10.4% from 2019 lows; +5.5% year-to date
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Paddy Power Betfair – An Example
Let’s say you think that Paddy Power Betfair shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Paddy Power Betfair using a CFD, at the current price of 6255p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Paddy Power Betfair share price rises to Nov. highs of 7537p (+20.4%). Your profit would be £2040 from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Paddy Power Betfair shares break lower, they fall 5% and hit your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.