Playtech PLC (PTEC) Receives GBX 1,176 Consensus Target Price from Brokerages

Playtech PLC (LON:PTEC) has been assigned an average rating of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,176 ($15.46).

PTEC has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Playtech PLC from GBX 1,350 ($17.75) to GBX 1,380 ($18.14) and gave the company an “overweight” rating in a report on Monday, July 17th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,020 ($13.41) price objective on shares of Playtech PLC in a research report on Wednesday, August 23rd. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 1,250 ($16.43) price objective (down from GBX 1,260 ($16.57)) on shares of Playtech PLC in a research report on Friday, August 25th. Investec reaffirmed a “buy” rating and set a GBX 1,120 ($14.73) price objective on shares of Playtech PLC in a research report on Wednesday, August 2nd. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 1,275 ($16.76) price objective (up from GBX 1,100 ($14.46)) on shares of Playtech PLC in a research report on Thursday, August 24th.

Shares of Playtech PLC (PTEC) traded down 0.48% during midday trading on Friday, hitting GBX 938.50. The company had a trading volume of 535,278 shares. The firm’s 50 day moving average is GBX 938.89 and its 200 day moving average is GBX 956.57. Playtech PLC has a 52 week low of GBX 757.50 and a 52 week high of GBX 1,020.00. The company’s market capitalization is GBX 2.95 billion.

The business also recently declared a dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Thursday, September 21st will be given a €0.12 ($0.14) dividend. The ex-dividend date is Thursday, September 21st. This represents a dividend yield of 1.12%.

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About Playtech PLC

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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