Playtech PLC (PTEC) Receives Average Rating of “Buy” from Brokerages
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.
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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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