Playtech PLC (PTEC) Receives GBX 1,176 Average PT from Brokerages
Playtech PLC (LON:PTEC) has received an average recommendation of “Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 1,176 ($15.19).
A number of equities analysts have recently commented on the company. Credit Suisse Group assumed coverage on Playtech PLC in a research note on Monday, August 14th. They issued an “outperform” rating and a GBX 1,200 ($15.50) price objective on the stock. Shore Capital reiterated a “buy” rating on shares of Playtech PLC in a research note on Thursday, August 24th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 1,250 ($16.14) price objective (down from GBX 1,260 ($16.27)) on shares of Playtech PLC in a research note on Friday, August 25th. Berenberg Bank dropped their price objective on Playtech PLC from GBX 1,250 ($16.14) to GBX 1,180 ($15.24) and set a “buy” rating on the stock in a research note on Wednesday, August 30th. Finally, Morgan Stanley lifted their price objective on Playtech PLC from GBX 1,350 ($17.44) to GBX 1,380 ($17.82) and gave the stock an “overweight” rating in a research note on Monday, July 17th.
Shares of Playtech PLC (PTEC) traded down 0.75% during midday trading on Tuesday, reaching GBX 932.00. The company’s stock had a trading volume of 1,275,452 shares. The stock’s 50-day moving average is GBX 962.68 and its 200 day moving average is GBX 954.23. The stock’s market capitalization is GBX 2.93 billion. Playtech PLC has a 12 month low of GBX 757.50 and a 12 month high of GBX 1,020.00.
The company also recently declared a dividend, which will be paid on Tuesday, October 24th. Investors of record on Thursday, September 21st will be paid a dividend of €0.12 ($0.14) per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a yield of 1.12%.
In related news, insider Shimon Akad sold 18,856 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of GBX 963 ($12.44), for a total transaction of £181,583.28 ($234,512.82).
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Playtech PLC Company Profile
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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