Insider Buying: Paddy Power Betfair PLC (PPB) Insider Acquires 336 Shares of Stock

Paddy Power Betfair PLC (LON:PPB) insider Zillah Byng-Thorne purchased 336 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of GBX 5,862 ($76.60) per share, with a total value of £19,696.32 ($25,736.73).

Shares of Paddy Power Betfair stock opened at GBX 5,886 ($76.91) on Friday. The company has a market capitalization of $4.92 billion and a P/E ratio of 24.48. The company has a quick ratio of 0.24, a current ratio of 0.64 and a debt-to-equity ratio of 6.73. Paddy Power Betfair PLC has a 52 week low of GBX 5,390 ($70.43) and a 52 week high of GBX 9,180 ($119.95).

The business also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, April 11th will be given a GBX 133 ($1.74) dividend. This is a positive change from Paddy Power Betfair’s previous dividend of $67.00. This represents a dividend yield of 2.16%. The ex-dividend date is Thursday, April 11th. Paddy Power Betfair’s dividend payout ratio (DPR) is presently 0.83%.

Several analysts have commented on PPB shares. UBS Group reissued a “neutral” rating and set a GBX 6,950 ($90.81) price target on shares of Paddy Power Betfair in a research report on Thursday, May 2nd. Jefferies Financial Group reissued a “buy” rating on shares of Paddy Power Betfair in a research report on Tuesday, April 9th. Numis Securities reissued a “hold” rating and set a GBX 6,300 ($82.32) price target on shares of Paddy Power Betfair in a research report on Friday, February 1st. Barclays increased their price target on shares of Paddy Power Betfair from GBX 6,400 ($83.63) to GBX 6,800 ($88.85) and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, Morgan Stanley raised shares of Paddy Power Betfair to an “equal weight” rating and decreased their price target for the company from GBX 7,200 ($94.08) to GBX 6,600 ($86.24) in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Paddy Power Betfair presently has an average rating of “Hold” and an average price target of GBX 6,745 ($88.14).

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About Paddy Power Betfair

Paddy Power Betfair plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports 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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