Playtech PLC (PTEC) Price Target Cut to GBX 1,090 by Analysts at Canaccord Genuity
Playtech PLC (LON:PTEC) had its target price cut by investment analysts at Canaccord Genuity from GBX 1,140 ($15.04) to GBX 1,090 ($14.38) in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 10.77% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group began coverage on shares of Playtech PLC in a research report on Monday, August 14th. They issued an “outperform” rating and a GBX 1,200 ($15.84) price objective for the company. Shore Capital reissued a “buy” rating on shares of Playtech PLC in a research report on Thursday, August 24th. Citigroup Inc. reissued a “buy” rating and issued a GBX 1,250 ($16.50) price objective (down previously from GBX 1,260 ($16.63)) on shares of Playtech PLC in a research report on Friday, August 25th. Berenberg Bank dropped their price objective on shares of Playtech PLC from GBX 1,250 ($16.50) to GBX 1,180 ($15.57) and set a “buy” rating for the company in a research report on Wednesday, August 30th. Finally, Morgan Stanley increased their price objective on shares of Playtech PLC from GBX 1,350 ($17.81) to GBX 1,380 ($18.21) and gave the stock an “overweight” rating in a research report on Monday, July 17th. Twelve investment analysts have rated the stock with a buy rating, Playtech PLC has an average rating of “Buy” and a consensus price target of GBX 1,145.45 ($15.12).
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About Playtech PLC
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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