Paddy Power Betfair Plc (PPB) Receives Consensus Rating of “Hold” from Analysts
Shares of Paddy Power Betfair Plc (LON:PPB) have been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 8,399.09 ($111.41).
Several brokerages have recently weighed in on PPB. Barclays PLC dropped their price objective on shares of Paddy Power Betfair Plc from £100 ($132.64) to GBX 9,550 ($126.67) and set an “overweight” rating on the stock in a research report on Monday, July 17th. Shore Capital reaffirmed a “hold” rating on shares of Paddy Power Betfair Plc in a report on Tuesday, August 8th. Deutsche Bank AG reiterated a “buy” rating and issued a £105 ($139.28) price target on shares of Paddy Power Betfair Plc in a research note on Thursday, August 31st. Peel Hunt reissued a “buy” rating and issued a £100 ($132.64) price target on shares of Paddy Power Betfair Plc in a report on Monday, September 4th. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 8,000 ($106.11) price target on shares of Paddy Power Betfair Plc in a report on Tuesday, August 8th.
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Shares of Paddy Power Betfair Plc (LON:PPB) opened at 7510.00 on Wednesday. The company’s market cap is GBX 6.31 billion. Paddy Power Betfair Plc has a 1-year low of GBX 6,635.00 and a 1-year high of GBX 9,219.80. The company has a 50 day moving average of GBX 7,171.25 and a 200 day moving average of GBX 7,972.93.
The firm also recently announced a dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th were issued a dividend of GBX 65 ($0.86) per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a dividend yield of 0.9%.
About Paddy Power Betfair Plc
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