Playtech PLC (PTEC) Given Consensus Recommendation of “Buy” by Brokerages

Playtech PLC (LON:PTEC) has received an average recommendation of “Buy” from the fifteen analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,027.57 ($14.41).

A number of equities analysts recently commented on the stock. Canaccord Genuity lowered their target price on shares of Playtech from GBX 1,140 ($15.98) to GBX 1,090 ($15.28) and set a “buy” rating for the company in a research note on Thursday, November 2nd. Morgan Stanley reiterated an “overweight” rating and set a GBX 1,050 ($14.72) target price on shares of Playtech in a research note on Monday, January 8th. Credit Suisse Group lowered their target price on shares of Playtech from GBX 1,200 ($16.83) to GBX 980 ($13.74) and set an “outperform” rating for the company in a research note on Tuesday, December 5th. Berenberg Bank downgraded shares of Playtech to a “hold” rating and lowered their target price for the stock from GBX 1,000 ($14.02) to GBX 950 ($13.32) in a research note on Thursday, January 11th. Finally, Deutsche Bank reiterated a “buy” rating and set a GBX 1,060 ($14.86) target price on shares of Playtech in a research note on Monday, November 13th.

Shares of Playtech (PTEC) traded up GBX 0.40 ($0.01) during mid-day trading on Friday, hitting GBX 757.60 ($10.62). 1,121,935 shares of the company were exchanged, compared to its average volume of 1,040,000. The firm has a market capitalization of $2,420.00 and a P/E ratio of 1,306.21. Playtech has a 12-month low of GBX 712.08 ($9.98) and a 12-month high of GBX 1,020 ($14.30).

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About Playtech

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.

Analyst Recommendations for Playtech (LON:PTEC)

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