Betfair Group Stock Rating Reaffirmed by Nomura (BET)
Betfair Group (LON:BET)‘s stock had its “neutral” rating reiterated by stock analysts at Nomura in a report issued on Wednesday. They currently have a GBX 883 ($15.04) price target on the stock. Nomura’s price target indicates a potential downside of 14.35% from the company’s current price.
Betfair Group (LON:BET) opened at 1028.00 on Wednesday. Betfair Group has a 1-year low of GBX 826.00 and a 1-year high of GBX 1179.00. The stock’s 50-day moving average is GBX 992.0 and its 200-day moving average is GBX 1038.43. The company’s market cap is £1.072 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Betfair Group in a research note on Tuesday, June 24th. They now have a GBX 1,085 ($18.48) price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Betfair Group from GBX 1,150 ($19.59) to GBX 1,260 ($21.46) in a research note on Thursday, June 12th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Betfair Group in a research note on Thursday, June 12th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,170.05 ($19.93).
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.
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