Paddy Power Betfair (PPB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Paddy Power Betfair (LON:PPB) have been assigned a consensus rating of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 7,462.86 ($106.86).

Several equities analysts have commented on PPB shares. Deutsche Bank reissued a “buy” rating on shares of Paddy Power Betfair in a research report on Friday, March 9th. Numis Securities reissued a “hold” rating and set a GBX 8,320 ($119.13) price objective on shares of Paddy Power Betfair in a research report on Wednesday, March 14th. Credit Suisse Group lowered their price objective on Paddy Power Betfair from GBX 8,700 ($124.57) to GBX 7,800 ($111.68) and set a “neutral” rating for the company in a research report on Thursday, March 8th. JPMorgan Chase raised their price objective on Paddy Power Betfair from GBX 8,420 ($120.56) to GBX 8,690 ($124.43) and gave the company a “neutral” rating in a research report on Friday, January 12th. Finally, Barclays restated an “overweight” rating and set a GBX 9,400 ($134.59) price target on shares of Paddy Power Betfair in a report on Wednesday, January 10th.

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Shares of Paddy Power Betfair stock opened at GBX 7,305 ($104.60) on Friday. Paddy Power Betfair has a 12 month low of GBX 6,572.50 ($94.11) and a 12 month high of GBX 8,967 ($128.39).

The business also recently declared a dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Thursday, April 12th will be issued a dividend of GBX 135 ($1.93) per share. The ex-dividend date is Thursday, April 12th. This is an increase from Paddy Power Betfair’s previous dividend of $65.00. This represents a dividend yield of 1.77%.

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About Paddy Power Betfair

Paddy Power Betfair plc, together with its subsidiaries, provides online interactive sports betting services in the United Kingdom, Ireland, Australia, the Unites States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports betting and pari-mutuel betting products, fixed odds games betting, online games and casino, and business-to-business services, as well as peer to peer games, including online bingo and poker.

Analyst Recommendations for Paddy Power Betfair (LON:PPB)

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