Goldman Sachs Group Inc Reiterates Buy Rating for Paddy Power Betfair Plc (PPB)

Goldman Sachs Group Inc Reiterates Buy Rating for Paddy Power Betfair Plc (PPB)

PPB has been the topic of several other reports. HSBC Holdings plc downgraded Paddy Power Betfair Plc to a “hold” rating and set a GBX 8,900 ($114.32) price objective on the stock. in a research report on Wednesday, February 15th. Numis Securities Ltd restated an “add” rating and issued a £100 ($128.45) price objective on shares of Paddy Power Betfair Plc in a research report on Tuesday, March 7th. Peel Hunt restated a “buy” rating and issued a £110 ($141.30) price objective on shares of Paddy Power Betfair Plc in a research report on Tuesday, May 23rd. Liberum Capital restated a “hold” rating on shares of Paddy Power Betfair Plc in a research report on Tuesday, March 7th. Finally, Shore Capital restated a “hold” rating on shares of Paddy Power Betfair Plc in a research report on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Paddy Power Betfair Plc presently has a consensus rating of “Hold” and an average price target of GBX 9,859.09 ($126.64).

Paddy Power Betfair Plc (LON:PPB)‘s stock had its “buy” rating reiterated by equities researchers at Goldman Sachs Group Inc in a research note issued to investors on Tuesday. They presently have a £113 ($145.15) price target on the stock. Goldman Sachs Group Inc’s price objective points to a potential upside of 40.02% from the company’s current price.

Paddy Power Betfair Plc (PPB) opened at 8139.00 on Tuesday. The firm’s market capitalization is GBX 6.80 billion. The company has a 50 day moving average price of GBX 8,405.71 and a 200-day moving average price of GBX 8,529.22. Paddy Power Betfair Plc has a 1-year low of GBX 6,525.00 and a 1-year high of GBX 10,028.56.

The business also recently disclosed a dividend, which was paid on Wednesday, May 24th. Shareholders of record on Thursday, April 6th were given a dividend of GBX 113 ($1.45) per share. The ex-dividend date was Thursday, April 6th. This is an increase from Paddy Power Betfair Plc’s previous dividend of $40.00. This represents a yield of 1.37%.

In other Paddy Power Betfair Plc news, insider Alexander Gersh sold 40,395 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of GBX 8,805 ($113.10), for a total transaction of £3,556,779.75 ($4,568,760.12).

new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:PPB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment