Playtech Price Target Raised to GBX 825 at Canaccord Genuity (PTEC)
Stock analysts at Canaccord Genuity lifted their target price on shares of Playtech (LON:PTEC) from GBX 780 ($12.62) to GBX 825 ($13.35) in a report issued on Tuesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 10.66% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “hold” rating on shares of Playtech in a research note to investors on Tuesday. Separately, 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. Finally, analysts at Deutsche Bank raised their price target on shares of Playtech from GBX 680 ($11.00) to GBX 800 ($12.94) in a research note to investors on Monday. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Playtech currently has an average rating of “Buy” and an average price target of GBX 807.86 ($13.07).
Playtech (LON:PTEC) traded down 0.07% on Tuesday, hitting GBX 745.50. The stock had a trading volume of 204,787 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 £2.181 billion.
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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