Playtech PLC’s (PTEC) Buy Rating Reiterated at Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of Playtech PLC (LON:PTEC) in a research note issued to investors on Thursday, August 3rd. They currently have a GBX 1,140 ($14.85) price target on the stock.

Several other analysts have also weighed in on the company. Morgan Stanley increased their price target on Playtech PLC from GBX 1,350 ($17.58) to GBX 1,380 ($17.97) and gave the company an overweight rating in a report on Monday, July 17th. Investec restated a buy rating and set a GBX 1,120 ($14.59) price target on shares of Playtech PLC in a report on Wednesday, August 2nd. Eleven research analysts have rated the stock with a buy rating, Playtech PLC currently has an average rating of Buy and an average price target of GBX 1,135.50 ($14.79).

Playtech PLC (LON PTEC) opened at 948.00 on Thursday. The stock’s market capitalization is GBX 2.98 billion. Playtech PLC has a 52 week low of GBX 757.50 and a 52 week high of GBX 1,018.70. The company has a 50 day moving average of GBX 961.58 and a 200 day moving average of GBX 938.13.

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In other news, insider Shimon Akad sold 18,856 shares of the stock in a transaction on Thursday, June 29th. The stock was sold at an average price of GBX 963 ($12.54), for a total transaction of £181,583.28 ($236,467.35).

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.

Analyst Recommendations for Playtech PLC (LON:PTEC)

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