Betfair Group Receives Overweight Rating from Barclays (BET)
Betfair Group (LON:BET)‘s stock had its “overweight” rating restated by stock analysts at Barclays in a report issued on Thursday, AR Network reports. They currently have a GBX 1,120 ($18.37) target price on the stock. Barclays’ price target points to a potential upside of 3.32% from the stock’s previous close.
Shares of Betfair Group (LON:BET) traded up 0.37% on Thursday, hitting GBX 1084.00. 59,410 shares of the company’s stock traded hands. Betfair Group has a one year low of GBX 644.00 and a one year high of GBX 1118.00. The stock has a 50-day moving average of GBX 1061. and a 200-day moving average of GBX 992.0.
The company also recently announced a dividend, which is scheduled for Friday, January 17th. Shareholders of record on Wednesday, December 11th will be paid a dividend of GBX 6 ($0.10) per share. This represents a dividend yield of 0.56%. The ex-dividend date is Wednesday, December 11th.
Several other analysts have also recently commented on the stock. Analysts at Investec raised their price target on shares of Betfair Group from GBX 750 ($12.30) to GBX 950 ($15.58) in a research note to investors on Wednesday, December 18th. They now have a “sell” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Betfair Group from GBX 945 ($15.50) to GBX 1,060 ($17.39) in a research note to investors on Thursday, December 5th. They now have a “hold” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Betfair Group from GBX 1,150 ($18.86) to GBX 1,225 ($20.09) in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,102.86 ($18.09).
Betfair Group plc is an online betting and gaming operator. The Company’s segments include Sports, Games, Poker, Management of customer funds, Other investments, Betfair US, LMAX and High rollers.
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