Playtech (LON:PTEC) Stock Rating Reaffirmed by Deutsche Bank
Playtech (LON:PTEC)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research note issued on Monday, ThisIsMoney.Co.Uk reports.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. assumed coverage on Playtech in a research report on Wednesday, July 10th. They set an “overweight” rating and a GBX 603 ($7.88) price target on the stock. Jefferies Financial Group assumed coverage on Playtech in a research report on Monday, June 10th. They set a “buy” rating and a GBX 570 ($7.45) price target on the stock. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 535 ($6.99) price target (up previously from GBX 520 ($6.79)) on shares of Playtech in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 563.25 ($7.36).
Shares of LON PTEC opened at GBX 385.20 ($5.03) on Monday. Playtech has a one year low of GBX 357.10 ($4.67) and a one year high of GBX 580.80 ($7.59). The company has a debt-to-equity ratio of 60.09, a current ratio of 0.98 and a quick ratio of 0.92. The business’s fifty day moving average price is GBX 429.82 and its 200-day moving average price is GBX 418.87. The stock has a market capitalization of $1.19 billion and a PE ratio of 4.09.
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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