Playtech PLC Price Target Raised to GBX 860 (PTEC)
Investment analysts at JPMorgan Chase & Co. boosted their price objective on shares of Playtech PLC (LON:PTEC) from GBX 825 ($13.69) to GBX 860 ($14.27) in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 20.07% from the stock’s previous close.
Shares of Playtech PLC (LON:PTEC) opened at 720.50 on Wednesday. Playtech PLC has a one year low of GBX 570.50 and a one year high of GBX 847.5001. The stock has a 50-day moving average of GBX 636.2 and a 200-day moving average of GBX 663.0. The company’s market cap is £2.115 billion.
A number of other analysts have also recently weighed in on PTEC. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Playtech PLC in a research note on Tuesday. They now have a GBX 780 ($12.94) price target on the stock. Separately, analysts at Peel Hunt reiterated a “buy” rating on shares of Playtech PLC in a research note on Thursday, August 28th. Finally, analysts at Canaccord Genuity raised their price target on shares of Playtech PLC from GBX 825 ($13.69) to GBX 840 ($13.94) in a research note on Thursday, August 28th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 815.30 ($13.53).
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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