Morgan Stanley Raises Playtech PLC (PTEC) Price Target to GBX 1,380
Playtech PLC (LON:PTEC) had its price objective upped by Morgan Stanley from GBX 1,350 ($17.63) to GBX 1,380 ($18.02) in a research note released on Monday. The brokerage currently has an overweight rating on the stock.
Separately, Canaccord Genuity reaffirmed a buy rating and set a GBX 1,140 ($14.89) price target on shares of Playtech PLC in a report on Wednesday, May 17th. Eleven analysts have rated the stock with a buy rating, Playtech PLC presently has a consensus rating of Buy and an average target price of GBX 1,135.50 ($14.83).
Shares of Playtech PLC (LON PTEC) opened at 969.00 on Monday. The stock’s 50 day moving average is GBX 972.97 and its 200 day moving average is GBX 922.47. The company’s market capitalization is GBX 3.05 billion. Playtech PLC has a 1-year low of GBX 757.50 and a 1-year high of GBX 1,020.00.
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In other Playtech PLC news, insider Shimon Akad sold 18,856 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of GBX 963 ($12.58), for a total transaction of £181,583.28 ($237,115.80).
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.
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