Playtech (LON:PTEC) Given Hold Rating at Jefferies Financial Group

Playtech (LON:PTEC)‘s stock had its “hold” rating restated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They currently have a GBX 405 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 7.26% from the stock’s current price.

PTEC has been the topic of several other research reports. Citigroup lifted their target price on shares of Playtech from GBX 355 to GBX 400 and gave the company a “buy” rating in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Playtech from GBX 443 to GBX 460 and gave the stock a “buy” rating in a research report on Thursday, May 21st.

Playtech Price Performance

Shares of LON PTEC opened at GBX 377.59 on Thursday. The firm has a market cap of £1.05 billion, a PE ratio of 0.78, a PEG ratio of 1.28 and a beta of 0.64. The firm has a fifty day moving average of GBX 338.95 and a 200 day moving average of GBX 333.16. The company has a debt-to-equity ratio of 24.36, a quick ratio of 1.09 and a current ratio of 1.42. Playtech has a one year low of GBX 210 and a one year high of GBX 447.

Playtech announced that its board has authorized a stock repurchase plan on Friday, March 27th that permits the company to repurchase 5,660,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Playtech

In other Playtech news, insider Mor Weizer acquired 71,321 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of GBX 375 per share, for a total transaction of £267,453.75. Also, insider Chris McGinnis bought 27,080 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of GBX 372 per share, with a total value of £100,737.60. 0.82% of the stock is currently owned by insiders.

Playtech Company Profile

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 digital marketing and advertising, consulting and online technical support, data mining processing, turnkey, live game, and video stream services; and operates betting shops.