Deutsche Bank AG Reiterates “Buy” Rating for Paddy Power Betfair Plc (PPB)

Deutsche Bank AG reaffirmed their buy rating on shares of Paddy Power Betfair Plc (LON:PPB) in a report published on Monday, October 2nd. The brokerage currently has a £105 ($138.05) target price on the stock.

PPB has been the topic of a number of other reports. Peel Hunt reissued a buy rating and issued a £100 ($131.48) price target on shares of Paddy Power Betfair Plc in a report on Tuesday, August 8th. HSBC Holdings plc cut their price target on shares of Paddy Power Betfair Plc from GBX 6,900 ($90.72) to GBX 5,700 ($74.94) and set a reduce rating on the stock in a report on Thursday, September 21st. Morgan Stanley downgraded shares of Paddy Power Betfair Plc to an equal weight rating and cut their price target for the stock from GBX 9,800 ($128.85) to GBX 7,500 ($98.61) in a report on Tuesday, September 5th. Investec downgraded shares of Paddy Power Betfair Plc to a sell rating and cut their price target for the stock from £100 ($131.48) to GBX 6,970 ($91.64) in a report on Friday, July 21st. Finally, Barclays PLC reissued an overweight rating on shares of Paddy Power Betfair Plc in a report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 8,596.43 ($113.02).

Paddy Power Betfair Plc (LON PPB) traded down 0.13% during mid-day trading on Monday, reaching GBX 7725.00. 93,773 shares of the company’s stock traded hands. The stock’s market cap is GBX 6.49 billion. The company has a 50 day moving average price of GBX 7,249.86 and a 200-day moving average price of GBX 7,930.09. Paddy Power Betfair Plc has a 12 month low of GBX 6,622.60 and a 12 month high of GBX 9,219.80.

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The firm also recently disclosed a dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th were issued a dividend of GBX 65 ($0.85) per share. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 24th.

Analyst Recommendations for Paddy Power Betfair Plc (LON:PPB)

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