Canaccord Genuity Boosts Playtech PLC Price Target to GBX 840 (PTEC)
Analysts at Canaccord Genuity boosted their target price on shares of Playtech PLC (LON:PTEC) from GBX 825 ($13.65) to GBX 840 ($13.90) in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 26.70% from the stock’s previous close.
Playtech PLC (LON:PTEC) opened at 705.00 on Thursday. Playtech PLC has a 52-week low of GBX 570.50 and a 52-week high of GBX 847.5001. The stock’s 50-day moving average is GBX 624.7 and its 200-day moving average is GBX 663.3. The company’s market cap is £2.067 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Playtech PLC in a research note on Thursday. They now have a GBX 800 ($13.24) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Playtech PLC in a research note on Tuesday. They now have a GBX 800 ($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, August 21st. They now have a GBX 780 ($12.91) 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 currently has an average rating of “Buy” and an average price target of GBX 811.80 ($13.43).
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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