Peel Hunt reiterated their reduce rating on shares of Paddy Power Betfair (LON:PPB) in a report published on Monday morning. Peel Hunt currently has a GBX 7,500 ($103.62) price objective on the stock.
A number of other research analysts have also recently commented on PPB. Barclays reiterated an overweight rating and set a GBX 9,400 ($129.87) price target on shares of Paddy Power Betfair in a research report on Monday, December 18th. Berenberg Bank cut shares of Paddy Power Betfair to a sell rating and set a GBX 7,600 ($105.00) price target on the stock. in a research report on Thursday, January 11th. JPMorgan Chase & Co. increased their price target on shares of Paddy Power Betfair from GBX 8,420 ($116.33) to GBX 8,690 ($120.06) and gave the company a neutral rating in a research report on Friday, January 12th. Numis Securities reiterated a hold rating and set a GBX 8,000 ($110.53) price target on shares of Paddy Power Betfair in a research report on Wednesday, March 7th. Finally, Morgan Stanley reduced their price target on shares of Paddy Power Betfair from GBX 7,500 ($103.62) to GBX 7,200 ($99.47) and set an underweight rating on the stock in a research report on Thursday, March 8th. Eight investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Paddy Power Betfair currently has a consensus rating of Hold and an average price target of GBX 7,852.50 ($108.49).
Paddy Power Betfair stock opened at GBX 7,440 ($102.79) on Monday. Paddy Power Betfair has a 52-week low of GBX 6,572.50 ($90.81) and a 52-week high of GBX 8,967 ($123.89). The company has a market cap of $6,460.00 and a P/E ratio of 2,917.65.
The company also recently announced a dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Thursday, April 12th will be issued a GBX 135 ($1.87) dividend. This is a boost from Paddy Power Betfair’s previous dividend of $65.00. The ex-dividend date is Thursday, April 12th. This represents a dividend yield of 1.77%.
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About Paddy Power Betfair
Paddy Power Betfair plc, formerly Paddy Power plc, is an Ireland-based public online betting and gaming company. The Company operates through Online (ex Australia), Online Australia, UK Retail, Irish Retail, and Telephone segments. The Company offers sports betting and gaming, which include gaming machines, games, casino, bingo and poker, and business-to-business (B2B) services.
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