Playtech Receives Buy Rating from Daniel Stewart & Co (PTEC)
Playtech (LON:PTEC)‘s stock had its “buy” rating reiterated by equities research analysts at Daniel Stewart & Co in a research note issued to investors on Thursday, Stock Ratings Network.com reports. They currently have a GBX 840 ($13.84) price objective on the stock. Daniel Stewart & Co’s target price would suggest a potential upside of 20.78% from the stock’s previous close.
Playtech (LON:PTEC) traded down 1.21% during mid-day trading on Thursday, hitting GBX 695.50. 503,311 shares of the company’s stock traded hands. Playtech has a one year low of GBX 466.50 and a one 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.
A number of other firms have also recently commented on PTEC. 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. Separately, 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. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Playtech from GBX 825 ($13.59) to GBX 900 ($14.83) in a research note to investors on Friday, January 24th. They now have an “overweight” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 820.56 ($13.52).
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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