Playtech PLC (PTEC) Rating Reiterated by Canaccord Genuity
Playtech PLC (LON:PTEC)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They presently have a GBX 1,125 ($14.68) price objective on the stock. Canaccord Genuity’s target price suggests a potential upside of 23.36% from the stock’s current price.
Several other brokerages have also issued reports on PTEC. Liberum Capital reiterated a “buy” rating and issued a GBX 980 ($12.79) target price on shares of Playtech PLC in a research report on Wednesday, June 15th. Morgan Stanley restated an “overweight” rating and set a GBX 1,170 ($15.27) price target on shares of Playtech PLC in a research report on Monday, July 11th. Numis Securities Ltd restated a “buy” rating on shares of Playtech PLC in a research report on Tuesday, September 6th. Deutsche Bank AG restated a “buy” rating and set a GBX 1,040 ($13.58) price target on shares of Playtech PLC in a research report on Thursday, August 25th. Finally, Investec restated a “buy” rating and set a GBX 1,111 ($14.50) price target on shares of Playtech PLC in a research report on Wednesday, September 14th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 1,004.38 ($13.11).
Shares of Playtech PLC (LON:PTEC) opened at 910.00 on Tuesday. The company’s market capitalization is GBX 2.91 billion. Playtech PLC has a 12 month low of GBX 699.00 and a 12 month high of GBX 944.50. The company has a 50-day moving average price of GBX 892.40 and a 200-day moving average price of GBX 842.30.
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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