Playtech PLC Given Average Rating of “Buy” by Brokerages (LON:PTEC)
Shares of Playtech PLC (LON:PTEC) have been given an average recommendation of “Buy” by the twelve ratings firms that are currently covering the company, American Banking News reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 810.30 ($13.63).
Playtech PLC (LON:PTEC) opened at 614.00 on Friday. Playtech PLC has a one year low of GBX 570.50 and a one year high of GBX 847.5001. The stock’s 50-day moving average is GBX 617.2 and its 200-day moving average is GBX 668.5. The company’s market cap is £1.800 billion.
Several analysts have recently commented on the stock. Analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of Playtech PLC in a research note on Wednesday, July 16th. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Playtech PLC in a research note on Tuesday, June 24th. They now have a GBX 780 ($13.12) price target on the stock. Finally, analysts at Nomura upgraded shares of Playtech PLC to a “buy” rating in a research note on Thursday, June 19th. They now have a GBX 753 ($12.67) price target on the stock, down previously from GBX 776 ($13.06).
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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