Cuts Playtech plc (PTEC) Price Target to GBX 1,000
Playtech plc (LON:PTEC) had its price objective trimmed by from GBX 1,180 ($15.52) to GBX 1,000 ($13.15) in a research report report published on Monday morning. The firm currently has a buy rating on the stock.
Several other equities analysts also recently weighed in on the company. Morgan Stanley lifted their target price on Playtech plc from GBX 1,350 ($17.76) to GBX 1,380 ($18.15) and gave the company an overweight rating in a research report on Monday, July 17th. Liberum Capital reiterated a buy rating and set a GBX 1,020 ($13.42) target price on shares of Playtech plc in a research report on Wednesday, August 23rd. Investec reiterated a buy rating and set a GBX 1,120 ($14.73) target price on shares of Playtech plc in a research report on Wednesday, August 2nd. Citigroup Inc. reiterated a buy rating and set a GBX 1,250 ($16.44) target price (down from GBX 1,260 ($16.57)) on shares of Playtech plc in a research report on Friday, August 25th. Finally, Numis Securities Ltd reiterated a buy rating and set a GBX 1,275 ($16.77) target price (up from GBX 1,100 ($14.47)) on shares of Playtech plc in a research report on Thursday, August 24th. Fifteen analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus price target of GBX 1,052.86 ($13.85).
Playtech plc (PTEC) opened at GBX 831 ($10.93) on Monday. Playtech plc has a 52 week low of GBX 712.08 ($9.37) and a 52 week high of GBX 1,020 ($13.42).
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The firm also recently declared a dividend, which was paid on Tuesday, October 24th. Shareholders of record on Thursday, September 21st were issued a dividend of €0.12 ($0.14) per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a yield of 1.12%.
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.
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