Paddy Power Betfair Plc (PPB) Receives “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Paddy Power Betfair Plc (LON:PPB) in a report released on Tuesday, August 8th. They currently have a £100 ($129.82) price objective on the stock.

A number of other equities analysts have also commented on PPB. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a £113 ($146.70) price objective on shares of Paddy Power Betfair Plc in a report on Tuesday, May 30th. Investec cut shares of Paddy Power Betfair Plc to a sell rating and decreased their target price for the stock from £100 ($129.82) to GBX 6,970 ($90.48) in a research report on Friday, July 21st. Barclays PLC restated an overweight rating on shares of Paddy Power Betfair Plc in a research report on Friday, June 9th. Numis Securities Ltd cut shares of Paddy Power Betfair Plc to a hold rating and set a GBX 8,480 ($110.09) target price for the company. in a research report on Thursday, July 13th. Finally, J P Morgan Chase & Co initiated coverage on shares of Paddy Power Betfair Plc in a research report on Wednesday, June 21st. They issued a neutral rating and a GBX 8,420 ($109.31) target price for the company. 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 stock. Paddy Power Betfair Plc presently has a consensus rating of Hold and an average target price of GBX 9,115.83 ($118.34).

Shares of Paddy Power Betfair Plc (PPB) traded down 3.95% on Tuesday, reaching GBX 7180.00. The company had a trading volume of 169,008 shares. Paddy Power Betfair Plc has a 1-year low of GBX 7,110.00 and a 1-year high of GBX 10,028.60. The firm has a 50-day moving average price of GBX 7,693.38 and a 200 day moving average price of GBX 8,309.43. The firm’s market capitalization is GBX 6.04 billion.

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The company also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be issued a dividend of GBX 65 ($0.84) per share. This represents a yield of 0.9%. The ex-dividend date is Thursday, August 24th.

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

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