Paddy Power Betfair (LON:PPB) had its target price trimmed by Barclays from GBX 7,730 ($101.01) to GBX 7,500 ($98.00) in a research note issued to investors on Tuesday morning. The firm currently has an overweight rating on the stock.
Several other analysts have also recently issued reports on the stock. Berenberg Bank upgraded shares of Paddy Power Betfair to a hold rating and decreased their target price for the company from GBX 7,000 ($91.47) to GBX 6,500 ($84.93) in a research report on Friday, October 12th. Peel Hunt restated a reduce rating on shares of Paddy Power Betfair in a research report on Wednesday, October 10th. Citigroup cut shares of Paddy Power Betfair to a sell rating in a research report on Monday, August 13th. Numis Securities upped their target price on shares of Paddy Power Betfair from GBX 8,320 ($108.72) to GBX 8,530 ($111.46) and gave the company a hold rating in a research report on Wednesday, August 8th. Finally, Shore Capital restated a sell rating on shares of Paddy Power Betfair in a research report on Wednesday, August 8th. Eight investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Paddy Power Betfair currently has an average rating of Hold and a consensus target price of GBX 7,255.38 ($94.80).
Shares of LON PPB opened at GBX 6,755 ($88.27) on Tuesday. Paddy Power Betfair has a 12-month low of GBX 6,572.50 ($85.88) and a 12-month high of GBX 8,967 ($117.17).
The company also recently disclosed a dividend, which was paid on Monday, September 24th. Investors of record on Thursday, August 23rd were given a GBX 67 ($0.88) dividend. This represents a yield of 0.89%. The ex-dividend date was Thursday, August 23rd.
In other news, insider Peter Jackson acquired 930 shares of Paddy Power Betfair stock in a transaction that occurred on Thursday, August 23rd. The shares were bought at an average cost of GBX 7,168 ($93.66) per share, with a total value of £66,662.40 ($87,106.23).
Paddy Power Betfair Company Profile
Paddy Power Betfair plc operates as a sports betting and gaming company 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; peer to peer games, including online bingo and poker; and business-to-business services.
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