Playtech (PTEC) Declares Dividend Increase – €0.24 Per Share
Playtech (LON:PTEC) announced a dividend on Thursday, February 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, May 3rd will be paid a dividend of €0.24 ($0.29) per share on Friday, June 1st. This represents a dividend yield of 2.69%. The ex-dividend date is Thursday, May 3rd. This is a positive change from Playtech’s previous dividend of $0.12. The official announcement can be accessed at this link.
Shares of Playtech stock traded up GBX 10.60 ($0.15) during midday trading on Friday, hitting GBX 814 ($11.35). 1,062,899 shares of the company traded hands, compared to its average volume of 1,800,000. Playtech has a 12 month low of GBX 670 ($9.34) and a 12 month high of GBX 1,020 ($14.23).
PTEC has been the topic of several research reports. Citigroup reaffirmed a “buy” rating and set a GBX 1,000 ($13.95) price target on shares of Playtech in a report on Monday, February 26th. Deutsche Bank boosted their target price on shares of Playtech from GBX 1,060 ($14.78) to GBX 1,070 ($14.92) and gave the stock a “buy” rating in a report on Friday, February 23rd. Canaccord Genuity reduced their target price on shares of Playtech from GBX 1,090 ($15.20) to GBX 1,050 ($14.64) and set a “buy” rating on the stock in a report on Thursday, February 22nd. Numis Securities reissued a “buy” rating and set a GBX 1,040 ($14.50) target price on shares of Playtech in a report on Thursday, February 22nd. Finally, Shore Capital reissued a “buy” rating on shares of Playtech in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 1,024.31 ($14.29).
Playtech plc engages in the development and licensing of software products for the online and land-based gambling industries. The company operated through Gaming and Financials segments. Its gaming applications comprise online casino, poker and other P2P games, bingo, mobile and social gaming, land based terminal, sports betting, lottery, and casual and fixed-odds games.
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