Berenberg Bank Cuts Playtech plc (PTEC) Price Target to GBX 1,000
Playtech plc (LON:PTEC) had its target price decreased by Berenberg Bank from GBX 1,180 ($15.52) to GBX 1,000 ($13.15) in a research note released on Monday morning. Berenberg Bank currently has a buy rating on the stock.
PTEC has been the subject of several other research reports. Deutsche Bank AG dropped their price target on shares of Playtech plc from GBX 1,175 ($15.45) to GBX 1,060 ($13.94) and set a buy rating for the company in a research note on Friday, November 3rd. Liberum Capital reissued a buy rating and set a GBX 1,020 ($13.42) target price on shares of Playtech plc in a research note on Friday, November 3rd. Numis Securities Ltd reissued a buy rating and set a GBX 1,040 ($13.68) target price on shares of Playtech plc in a research note on Thursday, November 2nd. Credit Suisse Group reissued an outperform rating and set a GBX 1,200 ($15.78) target price on shares of Playtech plc in a research note on Thursday, September 28th. Finally, Investec reissued a buy rating and set a GBX 1,120 ($14.73) target price on shares of Playtech plc in a research note on Wednesday, August 2nd. Fifteen investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of GBX 1,052.86 ($13.85).
Playtech plc (LON:PTEC) opened at GBX 827 ($10.88) on Monday. Playtech plc has a 52 week low of GBX 712.08 ($9.37) and a 52 week high of GBX 1,020 ($13.42).
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The business also recently declared a dividend, which was paid on Tuesday, October 24th. Shareholders of record on Thursday, September 21st were paid a €0.12 ($0.14) dividend. This represents a yield of 1.12%. The ex-dividend date of this dividend was Thursday, September 21st.
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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