Playtech Given New GBX 780 Price Target at Credit Suisse (PTEC)
Credit Suisse reduced their price target on shares of Playtech (LON:PTEC) from GBX 835 ($13.99) to GBX 780 ($13.07) in a research note issued on Friday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective points to a potential downside of 4.39% from the stock’s previous close.
PTEC has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 822.78 ($13.79).
Shares of Playtech (LON:PTEC) opened at 815.8568 on Friday. 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 722.4 and a 200-day moving average of GBX 712.. The company’s market cap is £2.387 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, March 11th. Investors of record on Wednesday, February 26th will be given a dividend of GBX 34.10 ($0.57) per share. This represents a yield of 4.36%. The ex-dividend date of this dividend is Wednesday, February 26th.
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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