Playtech Given New GBX 900 Price Target at JPMorgan Chase & Co. (PTEC)
Research analysts at JPMorgan Chase & Co. lifted their price objective on shares of Playtech (LON:PTEC) from GBX 825 ($13.54) to GBX 900 ($14.77) in a report released on Friday, Analyst Ratings Network reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 30.20% from the company’s current price.
A number of other firms have also recently commented on PTEC. Analysts at UBS AG initiated coverage on shares of Playtech in a research note to investors on Tuesday, December 3rd. They set a “buy” rating and a GBX 820 ($13.46) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Playtech in a research note to investors on Monday, November 25th. They now have a GBX 800 ($13.13) price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Playtech in a research note to investors on Wednesday, October 30th. They set a “neutral” rating and a GBX 835 ($13.71) price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 820.56 ($13.47).
Shares of Playtech (LON:PTEC) traded down 1.39% during mid-day trading on Friday, hitting GBX 691.27. The stock had a trading volume of 372,426 shares. Playtech has a 1-year low of GBX 455.00 and a 1-year high of GBX 761.50. The stock’s 50-day moving average is GBX 720.6 and its 200-day moving average is GBX 706.7. The company’s market cap is £2.022 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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