Playtech (PTEC) Rating Reiterated by Morgan Stanley

Morgan Stanley reiterated their overweight rating on shares of Playtech (LON:PTEC) in a report released on Friday morning. Morgan Stanley currently has a GBX 1,020 ($14.09) price objective on the stock.

A number of other brokerages have also recently weighed in on PTEC. Credit Suisse Group reduced their target price on shares of Playtech from GBX 1,200 ($16.58) to GBX 980 ($13.54) and set an outperform rating for the company in a report on Tuesday, December 5th. Barclays restated an equal weight rating and set a GBX 806 ($11.14) target price on shares of Playtech in a report on Friday, February 23rd. Citigroup restated a buy rating and set a GBX 1,000 ($13.82) target price on shares of Playtech in a report on Monday, February 26th. Numis Securities restated a buy rating and set a GBX 1,040 ($14.37) target price on shares of Playtech in a report on Thursday, February 22nd. Finally, Deutsche Bank raised their target price on shares of Playtech from GBX 1,060 ($14.64) to GBX 1,070 ($14.78) and gave the stock a buy rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Playtech has a consensus rating of Buy and a consensus target price of GBX 1,000.46 ($13.82).

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Playtech (PTEC) traded up GBX 0.20 ($0.00) during trading on Friday, hitting GBX 734.60 ($10.15). 1,387,981 shares of the stock traded hands, compared to its average volume of 1,800,000. The company has a market capitalization of $2,380.00 and a PE ratio of 1,113.03. Playtech has a twelve month low of GBX 670 ($9.26) and a twelve month high of GBX 1,020 ($14.09).

The company also recently declared a dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 3rd will be given a €0.24 ($0.30) dividend. This represents a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, May 3rd. This is an increase from Playtech’s previous dividend of $0.12.

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Playtech Company Profile

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.

Analyst Recommendations for Playtech (LON:PTEC)

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