Playtech (LON:PTEC) Price Target Lowered to GBX 390 at Deutsche Bank Aktiengesellschaft

Playtech (LON:PTEC) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from GBX 433 to GBX 390 in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Separately, Jefferies Financial Group downgraded Playtech to a “hold” rating and lowered their target price for the stock from GBX 405 to GBX 240 in a report on Tuesday, November 25th.

Playtech Stock Performance

PTEC stock opened at GBX 271 on Friday. The firm has a market cap of £765.50 million, a PE ratio of 0.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 40.06. The stock has a 50-day moving average price of GBX 273.60 and a 200-day moving average price of GBX 330.94. Playtech has a 1-year low of GBX 210 and a 1-year high of GBX 447.

Playtech Company Profile

Playtech plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including live casino, sports, bingo, virtual sports, and poker. It also owns the intellectual property rights and licenses the software; provides digital marketing and advertising, consulting and online technical support, data mining processing, turnkey, live game, and video stream services; and operates betting shops.