Playtech Receives Buy Rating from Canaccord Genuity (PTEC)
Playtech (LON:PTEC)‘s stock had its “buy” rating restated by Canaccord Genuity in a research note issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 825 ($13.83) price objective on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 11.34% from the company’s current price.
A number of other analysts have also recently weighed in on PTEC. Analysts at Numis Securities Ltd raised their price target on shares of Playtech from GBX 725 ($12.15) to GBX 800 ($13.41) in a research note on Thursday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Playtech has a consensus rating of “Buy” and an average price target of GBX 828.89 ($13.89).
Shares of Playtech (LON:PTEC) opened at 804.50 on Thursday. Playtech has a 52-week low of GBX 538.483 and a 52-week high of GBX 761.50. The stock’s 50-day moving average is GBX 718.4 and its 200-day moving average is GBX 711.2. The company’s market cap is £2.354 billion.
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.
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