Playtech (PTEC) Rating Reiterated by Shore Capital
Playtech (LON:PTEC)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a research note issued to investors on Monday.
PTEC has been the topic of a number of other research reports. Citigroup reaffirmed a “buy” rating and set a GBX 820 ($10.71) price target on shares of Playtech in a report on Monday, September 10th. Barclays reaffirmed an “equal weight” rating on shares of Playtech in a report on Tuesday, October 9th. Credit Suisse Group cut Playtech to a “neutral” rating and cut their price target for the company from GBX 980 ($12.81) to GBX 550 ($7.19) in a report on Tuesday, October 23rd. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 1,080 ($14.11) price target on shares of Playtech in a report on Thursday, August 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Playtech currently has an average rating of “Buy” and an average target price of GBX 724.56 ($9.47).
PTEC opened at GBX 461.40 ($6.03) on Monday. Playtech has a twelve month low of GBX 670 ($8.75) and a twelve month high of GBX 1,020 ($13.33).
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 clients with technology for liquidity and clearing.
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