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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/14/playtech-plc-ptec-earns-buy-rating-from-investec.html
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.
Receive News & Ratings for Playtech PLC Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Playtech PLC and related companies with MarketBeat.com’s FREE daily email newsletter.