Playtech Receives Buy Rating from Deutsche Bank (PTEC)
Playtech (LON:PTEC)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 800 ($13.41) target price on the stock. Deutsche Bank’s price target points to a potential downside of 1.94% from the stock’s previous close.
The company also recently announced a dividend, which is scheduled for Tuesday, March 11th. Investors 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.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Playtech in a research note on Friday, January 31st. They now have a GBX 835 ($13.99) price target on the stock. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of Playtech in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 822.78 ($13.79).
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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