Playtech (LON:PTEC) had its price objective raised by Deutsche Bank from GBX 1,060 ($14.64) to GBX 1,070 ($14.78) in a research report sent to investors on Friday morning. They currently have a buy rating on the stock.
Several other brokerages have also recently issued reports on PTEC. Shore Capital reaffirmed a buy rating on shares of Playtech in a report on Thursday, February 15th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 980 ($13.54) target price on shares of Playtech in a report on Thursday, January 11th. Investec decreased their target price on shares of Playtech from GBX 1,120 ($15.47) to GBX 1,030 ($14.23) and set a buy rating for the company in a report on Friday, November 3rd. Morgan Stanley decreased their target price on shares of Playtech from GBX 1,400 ($19.34) to GBX 1,050 ($14.51) and set an overweight rating for the company in a report on Friday, November 3rd. Finally, Berenberg Bank cut shares of Playtech to a hold rating and decreased their target price for the stock from GBX 1,000 ($13.82) to GBX 950 ($13.13) in a report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 1,005.43 ($13.89).
Playtech (LON:PTEC) opened at GBX 782 ($10.80) on Friday. The stock has a market cap of $2,490.00 and a PE ratio of 1,184.85. Playtech has a twelve month low of GBX 670 ($9.26) and a twelve month high of GBX 1,020 ($14.09).
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Playtech plc supplies online gaming software. The Company and its subsidiaries develop software platforms for the online and land-based gambling industry. Its gaming applications include online casino, poker and other pay to play games, bingo, mobile, live gaming, land-based terminal and fixed-odds games.
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