Paddy Power Betfair (LON:PPB) was up 0% on Monday . The stock traded as high as GBX 8,250 ($111.91) and last traded at GBX 7,975 ($108.18). Approximately 610,695 shares were traded during trading, an increase of 217% from the average daily volume of 192,747 shares. The stock had previously closed at GBX 7,975 ($108.18).
Several equities research analysts have weighed in on PPB shares. Peel Hunt reissued a “reduce” rating and set a GBX 7,500 ($101.74) price objective on shares of Paddy Power Betfair in a research note on Monday, March 19th. Barclays reduced their price objective on Paddy Power Betfair from GBX 9,400 ($127.51) to GBX 9,200 ($124.80) and set an “overweight” rating on the stock in a research note on Monday, March 12th. Deutsche Bank reissued a “buy” rating on shares of Paddy Power Betfair in a research note on Friday, March 9th. Numis Securities reissued a “hold” rating and set a GBX 8,320 ($112.86) price objective on shares of Paddy Power Betfair in a research note on Wednesday, March 14th. Finally, Morgan Stanley reduced their price objective on Paddy Power Betfair from GBX 7,500 ($101.74) to GBX 7,200 ($97.67) and set an “underweight” rating on the stock in a research note on Thursday, March 8th. Eight research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 7,627.50 ($103.47).
The firm also recently announced a dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Thursday, April 12th will be paid a dividend of GBX 135 ($1.83) per share. 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%.
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.
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