Playtech PLC Upgraded to Buy at Nomura (PTEC)
Playtech PLC (LON:PTEC) was upgraded by equities researchers at Nomura to a “buy” rating in a research report issued on Thursday. The firm currently has a GBX 753 ($12.78) price target on the stock, down from their previous price target of GBX 776 ($13.17). Nomura’s target price suggests a potential upside of 22.86% from the stock’s previous close.
PTEC has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Playtech PLC in a research note on Wednesday, June 11th. They now have a GBX 940 ($15.96) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Playtech PLC in a research note on Thursday, May 15th. They now have a GBX 780 ($13.24) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Playtech PLC in a research note on Thursday, May 1st. They now have a GBX 780 ($13.24) price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 810.30 ($13.75).
Playtech PLC (LON:PTEC) opened at 626.50 on Thursday. Playtech PLC has a one year low of GBX 565.50 and a one year high of GBX 847.5001. The stock has a 50-day moving average of GBX 642.1 and a 200-day moving average of GBX 693.. The company’s market cap is £1.837 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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