Playtech Given New GBX 825 Price Target at JPMorgan Chase & Co. (PTEC)
Investment analysts at JPMorgan Chase & Co. boosted their price target on shares of Playtech (LON:PTEC) from GBX 800 ($12.51) to GBX 825 ($12.90) in a note issued to investors on Thursday, ARN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 17.44% from the stock’s previous close.
Shares of Playtech (LON:PTEC) traded up 2.49% on Thursday, hitting GBX 720.00. The stock had a trading volume of 483,558 shares. The stock has a 50-day moving average of GBX 687.9 and a 200-day moving average of GBX 641.3. The company’s market cap is £2.106 billion.
A number of other analysts have also recently weighed in on PTEC. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Playtech (LON:PTEC) in a research note to investors on Friday, September 6th. They now have a GBX 840 ($13.13) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Playtech (LON:PTEC) in a research note to investors on Thursday, August 29th. They now have a GBX 780 ($12.20) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Playtech (LON:PTEC) in a research note to investors on Thursday, August 29th. They now have a GBX 800 ($12.51) price target on the stock.
One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Playtech has an average rating of “Buy” and an average price target of GBX 747.59 ($11.69).
Playtech Limited is an online gaming software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators.
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