Playtech (LON:PTEC) Sets New 52-Week High – Still a Buy?

Playtech plc (LON:PTEC)’s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 437.20 and last traded at GBX 436.80, with a volume of 499495 shares. The stock had previously closed at GBX 418.40.

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Playtech from GBX 443 to GBX 460 and gave the company a “buy” rating in a report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 405 price target on shares of Playtech in a report on Thursday, July 9th. Finally, Citigroup raised shares of Playtech to a “buy” rating in a report on Friday, July 10th.

Playtech Price Performance

The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 23.48. The company has a market capitalization of £1.22 billion, a P/E ratio of 0.90, a P/E/G ratio of 1.28 and a beta of 0.66. The business’s fifty day moving average price is GBX 388.90 and its 200-day moving average price is GBX 365.57.

Playtech Company Profile

Playtech plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including live casino, sports, bingo, virtual sports, and poker. It also owns the intellectual property rights and licenses the software; provides digital marketing and advertising, consulting and online technical support, data mining processing, turnkey, live game, and video stream services; and operates betting shops.