Playtech PLC (PTEC) Given Consensus Rating of “Buy” by Brokerages
Playtech PLC (LON:PTEC) has earned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 1,044.62 ($14.17).
Several brokerages have recently weighed in on PTEC. Investec reduced their price objective on shares of Playtech from GBX 1,120 ($15.19) to GBX 1,030 ($13.97) and set a “buy” rating for the company in a research report on Friday, November 3rd. Canaccord Genuity Group reduced their price objective on shares of Playtech from GBX 1,140 ($15.46) to GBX 1,090 ($14.78) and set a “buy” rating for the company in a research report on Thursday, November 2nd. Credit Suisse Group restated an “outperform” rating and set a GBX 980 ($13.29) price objective on shares of Playtech in a research report on Thursday. reduced their price objective on shares of Playtech from GBX 1,180 ($16.00) to GBX 1,000 ($13.56) and set a “buy” rating for the company in a research report on Monday, November 13th. Finally, Berenberg Bank downgraded shares of Playtech to a “hold” rating and reduced their price objective for the stock from GBX 1,000 ($13.56) to GBX 950 ($12.88) in a research report on Thursday.
Shares of Playtech (LON PTEC) traded down GBX 1.60 ($0.02) during trading hours on Monday, hitting GBX 806.80 ($10.94). 1,349,164 shares of the stock traded hands, compared to its average volume of 1,050,000. The stock has a market cap of $2,560.00 and a P/E ratio of 1,391.03. Playtech has a twelve month low of GBX 712.08 ($9.66) and a twelve month high of GBX 1,020 ($13.83).
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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