Panmure Gordon Reiterates Buy Rating for Playtech (PTEC)
Playtech (LON:PTEC)‘s stock had its “buy” rating reiterated by investment analysts at Panmure Gordon in a note issued to investors on Tuesday, Analyst RN reports. They currently have a GBX 800 ($12.94) price objective on the stock. Panmure Gordon’s price objective would suggest a potential upside of 5.19% from the company’s current price.
Playtech (LON:PTEC) traded up 1.14% on Tuesday, hitting GBX 754.50. The stock had a trading volume of 55,323 shares. Playtech has a 52 week low of GBX 400.60 and a 52 week high of GBX 758.50. The stock has a 50-day moving average of GBX 717.8 and a 200-day moving average of GBX 665.1. The company’s market cap is £2.207 billion.
A number of other firms have also recently commented on PTEC. Analysts at Canaccord Genuity raised their price target on shares of Playtech from GBX 780 ($12.62) to GBX 825 ($13.35) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Playtech in a research note to investors on Tuesday. Finally, analysts at Numis Securities Ltd upgraded shares of Playtech to a “hold” rating in a research note to investors on Monday. They now have a GBX 725 ($11.73) price target on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 807.86 ($13.07).
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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