Published On: Wed, Sep 14th, 2016

Playtech PLC (PTEC) Earns Buy Rating from Investec

Playtech PLC (LON:PTEC)‘s stock had its “buy” rating restated by investment analysts at Investec in a note issued to investors on Wednesday. They presently have a GBX 1,111 ($14.80) price target on the stock. Investec’s price objective indicates a potential upside of 23.58% from the stock’s previous close.
A number of other equities analysts have also commented on PTEC. Liberum Capital reissued a “buy” rating and issued a GBX 980 ($13.05) price target on shares of Playtech PLC in a research report on Wednesday, May 18th. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,000 ($13.32) price target on shares of Playtech PLC in a research report on Wednesday, May 18th. Goodbody reissued a “buy” rating on shares of Playtech PLC in a research report on Wednesday, May 18th. Shore Capital reissued a “buy” rating on shares of Playtech PLC in a research report on Wednesday, May 18th. Finally, Morgan Stanley lifted their price target on shares of Playtech PLC from GBX 1,100 ($14.65) to GBX 1,170 ($15.58) and gave the company an “overweight” rating in a research report on Thursday, June 16th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Playtech PLC has an average rating of “Buy” and an average price target of GBX 1,004.38 ($13.38).
Shares of Playtech PLC (LON:PTEC) opened at 899.00 on Wednesday. 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 of GBX 885.75 and a 200 day moving average of GBX 839.71. The company’s market capitalization is GBX 2.87 billion.

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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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