Playtech Rating Reiterated by UBS AG (PTEC)
Playtech (LON:PTEC)‘s stock had its “buy” rating reaffirmed by equities research analysts at UBS AG in a research note issued to investors on Friday, ARN reports. They currently have a GBX 820 ($13.74) price objective on the stock. UBS AG’s price target suggests a potential upside of 0.51% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average 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 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.
The company also recently announced a dividend, which is scheduled for Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be paid a dividend of GBX 34.10 ($0.57) per share. This represents a dividend yield of 4.36%. The ex-dividend date 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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