Playtech (PTEC) Declares Dividend of GBX 34.10
Playtech (LON:PTEC) announced a dividend on Thursday, February 20th, AnalystRatings.Net reports. Stockholders of record on Wednesday, February 26th will be paid a dividend of GBX 34.10 ($0.57) per share on Tuesday, March 11th. This represents a dividend yield of 4.36%. The ex-dividend date is Wednesday, February 26th. The official announcement can be seen at this link.
PTEC has been the subject of a number of recent research reports. Analysts at UBS AG reiterated a “buy” rating on shares of Playtech in a research note on Friday. They now have a GBX 820 ($13.74) price target on the stock. On a related note, analysts at Credit Suisse cut their price target on shares of Playtech from GBX 835 ($13.99) to GBX 780 ($13.07) in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Playtech in a research note on Thursday. They now have a GBX 825 ($13.83) price target on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 822.78 ($13.79).
Shares of Playtech (LON:PTEC) traded up 3.93% on Friday, hitting GBX 815.8568. 426,385 shares of the company’s stock traded hands. 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 720.1 and its 200-day moving average is GBX 712.0. The company’s market cap is £2.387 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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