Credit Suisse Reiterates “Neutral” Rating for Playtech (PTEC)
Playtech (LON:PTEC)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Friday, Analyst Ratings Network.com reports. They currently have a GBX 835 ($13.76) target price on the stock. Credit Suisse’s target price would indicate a potential upside of 20.06% from the stock’s previous close.
Shares of Playtech (LON:PTEC) opened at 690.00 on Friday. Playtech has a 1-year low of GBX 458.20 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 £2.019 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of Playtech in a research note to investors on Thursday. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Playtech in a research note to investors on Thursday. They now have a GBX 800 ($13.18) price target on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average 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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