Playtech PT Raised to GBX 800 (PTEC)
Equities research analysts at Numis Securities Ltd upped their price target on shares of Playtech (LON:PTEC) from GBX 725 ($12.15) to GBX 800 ($13.41) in a research note issued to investors on Thursday, AR Network reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 7.96% from the stock’s previous close.
Shares of Playtech (LON:PTEC) opened at 807.00 on Thursday. Playtech has a 1-year low of GBX 538.483 and a 1-year high of GBX 761.50. The stock has a 50-day moving average of GBX 718.4 and a 200-day moving average of GBX 711.2. The company’s market cap is £2.361 billion.
A number of other firms have also recently commented on PTEC. Analysts at Daniel Stewart & Co reiterated a “buy” rating on shares of Playtech in a research note on Thursday. They now have a GBX 840 ($14.08) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Playtech in a research note on Thursday. They now have a GBX 800 ($13.41) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Playtech in a research note on Friday, February 14th. They now have a GBX 800 ($13.41) 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 stock. The company currently has an average rating of “Buy” and an average target price of GBX 828.89 ($13.89).
Playtech plc, formerly 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.