JPMorgan Chase & Co. Reiterates Neutral Rating for Betfair Group (BET)
A number of other analysts have also recently weighed in on BET. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Betfair Group in a research note on Wednesday. They now have a GBX 1,317 ($22.14) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Betfair Group in a research note on Wednesday. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Betfair Group in a research note on Wednesday. They now have a GBX 1,150 ($19.33) price target on the stock. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,152.90 ($19.38).
Shares of Betfair Group (LON:BET) traded up 0.87% on Thursday, hitting GBX 1041.00. 96,593 shares of the company’s stock traded hands. Betfair Group has a 1-year low of GBX 805.00 and a 1-year high of GBX 1179.00. The stock’s 50-day moving average is GBX 983.1 and its 200-day moving average is GBX 1043..
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, September 3rd will be given a dividend of GBX 14 ($0.24) per share. This represents a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Betfair Group plc is an online betting and gaming operator. The Company’s segments include Core Betfair, which includes Exchange, Sports, Gaming and Management of customer funds; Other investments, which includes Betfair US, and High Rollers.