Paddy Power Betfair Plc (LON:PPB) Earns Hold Rating from Shore Capital

Shore Capital reiterated their hold rating on shares of Paddy Power Betfair Plc (LON:PPB) in a research note issued to investors on Tuesday morning.

Several other equities analysts have also issued reports on PPB. Barclays PLC restated an overweight rating and issued a GBX 9,550 ($124.37) target price on shares of Paddy Power Betfair Plc in a report on Friday, August 4th. Peel Hunt dropped their target price on shares of Paddy Power Betfair Plc from £110 ($143.25) to £100 ($130.23) and set a buy rating on the stock in a report on Monday, July 10th. Numis Securities Ltd restated an add rating and issued a £100 ($130.23) target price on shares of Paddy Power Betfair Plc in a report on Wednesday, May 3rd. J P Morgan Chase & Co assumed coverage on shares of Paddy Power Betfair Plc in a report on Wednesday, June 21st. They issued a neutral rating and a GBX 8,420 ($109.65) target price on the stock. Finally, Investec lowered shares of Paddy Power Betfair Plc to a sell rating and dropped their target price for the company from £100 ($130.23) to GBX 6,970 ($90.77) in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Paddy Power Betfair Plc currently has a consensus rating of Hold and an average target price of GBX 9,115.83 ($118.71).

Shares of Paddy Power Betfair Plc (LON PPB) opened at 7255.00 on Tuesday. The firm’s 50 day moving average is GBX 7,826.05 and its 200 day moving average is GBX 8,333.41. The company’s market cap is GBX 6.10 billion. Paddy Power Betfair Plc has a 12 month low of GBX 7,110.00 and a 12 month high of GBX 10,028.60.

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The business also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be paid a GBX 65 ($0.85) dividend. This represents a yield of 0.9%. The ex-dividend date is Thursday, August 24th.

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