Barclays Increases Betfair Group Price Target to GBX 1,246 (BET)
Investment analysts at Barclays boosted their price objective on shares of Betfair Group (LON:BET) from GBX 1,245.60 ($21.29) to GBX 1,246 ($21.29) in a note issued to investors on Thursday. The firm currently has an “overweight” rating on the stock. Barclays’ price objective indicates a potential upside of 20.15% from the stock’s previous close.
A number of other firms have also recently commented on BET. Analysts at Davy Research reiterated a “neutral” rating on shares of Betfair Group in a research note on Tuesday, July 15th. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Betfair Group in a research note on Wednesday, July 9th. They now have a GBX 1,230 ($21.02) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Betfair Group in a research note on Wednesday, July 2nd. They now have a GBX 883 ($15.09) price target on the stock. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Betfair Group presently has an average rating of “Buy” and a consensus target price of GBX 1,168.92 ($19.97).
Betfair Group (LON:BET) traded down 0.67% on Thursday, hitting GBX 1037.00. The stock had a trading volume of 54,237 shares. Betfair Group has a 52-week low of GBX 893.00 and a 52-week high of GBX 1192.9399. The stock has a 50-day moving average of GBX 1012. and a 200-day moving average of GBX 1032.. The company’s market cap is £1.073 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.
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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