Playtech PLC (PTEC) Receives Average Recommendation of “Buy” from Brokerages
Playtech PLC (LON:PTEC) has earned an average rating of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,176 ($15.52).
A number of brokerages have recently commented on PTEC. Liberum Capital reissued a “buy” rating and issued a GBX 1,020 ($13.46) target price on shares of Playtech PLC in a research note on Monday, October 2nd. Credit Suisse Group reissued an “outperform” rating and issued a GBX 1,200 ($15.84) target price on shares of Playtech PLC in a research note on Thursday, September 28th. Berenberg Bank cut their target price on shares of Playtech PLC from GBX 1,250 ($16.50) to GBX 1,180 ($15.57) and set a “buy” rating on the stock in a research note on Wednesday, August 30th. Shore Capital reissued a “buy” rating on shares of Playtech PLC in a research note on Thursday, August 24th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 1,275 ($16.83) target price (up previously from GBX 1,100 ($14.52)) on shares of Playtech PLC in a research note on Thursday, August 24th.
Playtech PLC (PTEC) traded up 0.25% during mid-day trading on Wednesday, hitting GBX 986.50. The stock had a trading volume of 941,783 shares. Playtech PLC has a one year low of GBX 757.50 and a one year high of GBX 1,020.00. The company’s market cap is GBX 3.10 billion. The company has a 50 day moving average price of GBX 933.22 and a 200-day moving average price of GBX 958.45.
The company also recently declared a dividend, which was paid on Tuesday, October 24th. Investors of record on Thursday, September 21st were paid a dividend of €0.12 ($0.14) per share. This represents a yield of 1.12%. The ex-dividend date of this dividend was Thursday, September 21st.
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Playtech PLC Company Profile
Playtech plc supplies online gaming software. The Company and its subsidiaries develop software platforms for the online and land-based gambling industry. Its gaming applications include online casino, poker and other pay to play games, bingo, mobile, live gaming, land-based terminal and fixed-odds games.
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