Playtech PLC Receives Average Recommendation of “Buy” from Brokerages (LON:PTEC)
Playtech PLC (LON:PTEC) has received a consensus recommendation of “Buy” from the twelve analysts that are covering the stock, American Banking News.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 810.30 ($13.59).
A number of analysts have recently weighed in on PTEC shares. 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 ($13.09) 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 ($12.63) price target on the stock, down previously from GBX 776 ($13.02).
Playtech PLC (LON:PTEC) opened at 621.50 on Friday. Playtech PLC has a 52-week low of GBX 570.50 and a 52-week high of GBX 847.5001. The stock has a 50-day moving average of GBX 616.5 and a 200-day moving average of GBX 666.7. The company’s market cap is £1.822 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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