Shares of Playtech PLC (LON:PTEC) have earned an average rating of “Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,027.57 ($14.20).

Several analysts have weighed in on PTEC shares. Credit Suisse Group reiterated an “outperform” rating and set a GBX 980 ($13.54) price target on shares of Playtech in a research note on Thursday, January 11th. Investec dropped their price target on Playtech from GBX 1,120 ($15.47) to GBX 1,030 ($14.23) and set a “buy” rating on the stock in a research note on Friday, November 3rd. Morgan Stanley dropped their price target on Playtech from GBX 1,400 ($19.34) to GBX 1,050 ($14.51) and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Berenberg Bank downgraded Playtech to a “hold” rating and dropped their price target for the company from GBX 1,000 ($13.82) to GBX 950 ($13.13) in a research note on Thursday, January 11th. Finally, Deutsche Bank dropped their price target on Playtech from GBX 1,175 ($16.23) to GBX 1,060 ($14.64) and set a “buy” rating on the stock in a research note on Friday, November 3rd.

Shares of Playtech (PTEC) traded up GBX 9.40 ($0.13) during trading hours on Friday, reaching GBX 761.40 ($10.52). The company had a trading volume of 1,260,785 shares, compared to its average volume of 1,080,000. Playtech has a 12 month low of GBX 712.08 ($9.84) and a 12 month high of GBX 1,020 ($14.09). The firm has a market cap of $2,400.00 and a price-to-earnings ratio of 1,312.76.

TRADEMARK VIOLATION WARNING: “Playtech PLC (PTEC) Receives Average Rating of “Buy” from Brokerages” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://theolympiareport.com/2018/02/14/playtech-plc-ptec-receives-average-rating-of-buy-from-brokerages.html.

About Playtech

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)

Receive News & Ratings for Playtech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playtech and related companies with MarketBeat.com's FREE daily email newsletter.