Citigroup Reaffirms Buy Rating for Playtech (LON:PTEC)

Playtech (LON:PTEC)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup in a note issued to investors on Tuesday, Marketbeat reports. They currently have a GBX 720 ($8.89) price target on the stock. Citigroup’s price objective would indicate a potential upside of 57.38% from the company’s previous close.

Playtech Stock Up 0.1 %

Shares of PTEC opened at GBX 457.50 ($5.65) on Tuesday. The firm has a market capitalization of £457,500.00, a price-to-earnings ratio of 1,577.59, a PEG ratio of 1.28 and a beta of 1.42. The company has a debt-to-equity ratio of 40.58, a quick ratio of 1.09 and a current ratio of 1.42. The business’s fifty day moving average price is GBX 457.06 and its two-hundred day moving average price is GBX 436.77. Playtech has a 52 week low of GBX 365.40 ($4.51) and a 52 week high of GBX 640 ($7.91).

About Playtech

Playtech Plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including live casino, sports, bingo, virtual sports, and poker. It also owns the intellectual property rights and licenses the software; provides marketing and advertising, consulting and online technical support, data mining processing, turnkey, operational and hosting, live game, and video stream services; and operates betting shops.