Playtech PLC’s Buy Rating Reaffirmed at Deutsche Bank (PTEC)
Playtech PLC (LON:PTEC)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Wednesday, American Banking & Market News reports. They currently have a GBX 800 ($13.44) price objective on the stock. Deutsche Bank’s price target indicates a potential upside of 24.90% from the stock’s previous close.
Shares of Playtech PLC (LON:PTEC) traded down 2.36% during mid-day trading on Wednesday, hitting GBX 640.50. The stock had a trading volume of 323,784 shares. Playtech PLC has a one year low of GBX 565.50 and a one year high of GBX 847.50. The stock’s 50-day moving average is GBX 672.9 and its 200-day moving average is GBX 711.6. The company’s market cap is £1.878 billion.
A number of other firms have also recently commented on PTEC. Analysts at JPMorgan Chase & Co. cut their price target on shares of Playtech PLC from GBX 880 ($14.78) to GBX 825 ($13.86) in a research note on Friday, April 11th. They now have an “overweight” rating on the stock. Separately, analysts at Daniel Stewart & Co reiterated a “buy” rating on shares of Playtech PLC in a research note on Thursday, April 3rd. They now have a GBX 840 ($14.11) price target on the stock. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Playtech PLC presently has an average rating of “Buy” and a consensus price target of GBX 800.60 ($13.45).
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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