Brokerages Set Paddy Power Betfair Plc (LON:PPB) Target Price at $9,705.00
Paddy Power Betfair Plc (LON:PPB) has been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the firm. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 9,705 ($126.68).
PPB has been the topic of several recent research reports. Shore Capital restated a “hold” rating on shares of Paddy Power Betfair Plc in a report on Wednesday, August 24th. Barclays PLC restated an “overweight” rating and set a £115 ($150.11) target price on shares of Paddy Power Betfair Plc in a report on Monday, July 11th. Liberum Capital restated a “hold” rating on shares of Paddy Power Betfair Plc in a report on Wednesday, August 24th. Investec boosted their target price on Paddy Power Betfair Plc from GBX 8,520 ($111.21) to GBX 9,170 ($119.70) and gave the stock a “sell” rating in a report on Tuesday, August 23rd. Finally, Credit Suisse Group AG restated an “underperform” rating and set a GBX 8,650 ($112.91) target price on shares of Paddy Power Betfair Plc in a report on Wednesday, August 24th.
Paddy Power Betfair Plc (LON:PPB) opened at 8700.00 on Thursday. Paddy Power Betfair Plc has a 52 week low of GBX 6,525.00 and a 52 week high of GBX 14,275.00. The company has a 50-day moving average price of GBX 9,194.19 and a 200 day moving average price of GBX 9,009.41. The company’s market cap is GBX 7.23 billion.
The company also recently announced a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 8th were given a GBX 40 ($0.52) dividend. This represents a yield of 0.41%. The ex-dividend date was Thursday, September 8th.
About Paddy Power Betfair Plc
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