Playtech (LON:PTEC) Stock Rating Reaffirmed by UBS Group

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Playtech (LON:PTEC)‘s stock had its “buy” rating reissued by research analysts at UBS Group in a research report issued on Friday, ThisIsMoney.Co.Uk reports. They currently have a GBX 535 ($6.99) price target on the stock, up from their previous price target of GBX 520 ($6.79). UBS Group’s price target suggests a potential upside of 18.86% from the stock’s previous close.

A number of other equities analysts also recently commented on PTEC. Deutsche Bank raised their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group cut their target price on shares of Chemours from $48.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on shares of Diageo and gave the company a “neutral” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 575.82 ($7.52).

Shares of PTEC stock opened at GBX 450.10 ($5.88) on Friday. The company has a fifty day simple moving average of GBX 419.80. Playtech has a 52 week low of GBX 357.10 ($4.67) and a 52 week high of GBX 580.80 ($7.59). The company has a debt-to-equity ratio of 60.09, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market cap of $1.39 billion and a P/E ratio of 4.78.

In other news, insider John Jackson purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average price of GBX 409 ($5.34) per share, with a total value of £20,450 ($26,721.55).

Playtech Company Profile

Playtech Plc develops and sells software products for the online and land-based gambling industries worldwide. The company operates through Gaming B2B, Gaming B2C, and Financial segments. It operates an online trading platform to retail customers, which enable them to trade contracts for differences on various instruments, such as foreign exchange, commodities, equities, and indices; and provides B2B clearing and execution services for retail brokers and professional clients.

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Analyst Recommendations for Playtech (LON:PTEC)

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