Playtech PLC’s “Buy” Rating Reiterated at Deutsche Bank (PTEC)
Playtech PLC (LON:PTEC)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Tuesday. They currently have a GBX 800 ($13.24) target price on the stock. Deutsche Bank’s price target would suggest a potential upside of 21.03% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Playtech PLC in a research note on Thursday, August 21st. They now have a GBX 780 ($12.91) price target on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of Playtech PLC in a research note on Wednesday, July 16th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Playtech PLC currently has a consensus rating of “Buy” and an average price target of GBX 810.30 ($13.41).
Shares of Playtech PLC (LON:PTEC) traded down 0.08% on Tuesday, hitting GBX 660.50. The stock had a trading volume of 141,319 shares. 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 623.1 and its 200-day moving average is GBX 663.8. The company’s market cap is £1.937 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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