Playtech PT Raised to GBX 800 (PTEC)
Equities research analysts at Deutsche Bank raised their price target on shares of Playtech (LON:PTEC) from GBX 680 ($11.00) to GBX 800 ($12.94) in a research note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 8.84% from the company’s current price.
Shares of Playtech (LON:PTEC) traded down 0.14% on Monday, hitting GBX 735.00. 122,633 shares of the company’s stock traded hands. Playtech has a 1-year low of GBX 406.60 and a 1-year high of GBX 761.50. The stock’s 50-day moving average is GBX 732.6 and its 200-day moving average is GBX 675.2. The company’s market cap is £2.150 billion.
PTEC has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Playtech in a research note to investors on Thursday, September 12th. They now have a GBX 800 ($12.94) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Playtech from GBX 800 ($12.94) to GBX 825 ($13.35) in a research note to investors on Thursday, September 12th. They now have an “overweight” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Playtech in a research note to investors on Friday, September 6th. They now have a GBX 840 ($13.59) price target on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 811.25 ($13.12).
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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