Playtech Rating Reiterated by Panmure Gordon (PTEC)
Playtech (LON:PTEC)‘s stock had its “buy” rating reaffirmed by Panmure Gordon in a research note issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 800 ($13.18) price target on the stock. Panmure Gordon’s target price would suggest a potential upside of 15.03% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Daniel Stewart & Co reiterated a “buy” rating on shares of Playtech in a research note to investors on Thursday. They now have a GBX 840 ($13.84) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Playtech in a research note to investors on Thursday. They now have a GBX 825 ($13.59) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Playtech in a research note to investors on Thursday. They now have a GBX 725 ($11.95) price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 820.56 ($13.52).
Shares of Playtech (LON:PTEC) traded down 1.21% during mid-day trading on Thursday, hitting GBX 695.50. The stock had a trading volume of 503,311 shares. Playtech has a 1-year low of GBX 466.50 and a 1-year high of GBX 761.50. The stock’s 50-day moving average is GBX 719.8 and its 200-day moving average is GBX 708.7. The company’s market cap is £2.035 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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