Playtech PLC’s (PTEC) Buy Rating Reaffirmed at Liberum Capital
PTEC has been the subject of several other research reports. Morgan Stanley boosted their target price on shares of Playtech PLC from GBX 1,350 ($17.91) to GBX 1,380 ($18.30) and gave the stock an overweight rating in a research report on Monday, July 17th. Investec reaffirmed a buy rating and set a GBX 1,120 ($14.86) price target on shares of Playtech PLC in a research report on Wednesday, August 2nd. Canaccord Genuity reaffirmed a buy rating and set a GBX 1,140 ($15.12) price target on shares of Playtech PLC in a research report on Thursday, August 3rd. Credit Suisse Group started coverage on Playtech PLC in a research note on Monday, August 14th. They issued an outperform rating and a GBX 1,200 ($15.92) price target for the company. Finally, Numis Securities Ltd reiterated a buy rating and issued a GBX 1,275 ($16.91) price target (up from GBX 1,100 ($14.59)) on shares of Playtech PLC in a research note on Thursday, August 24th. Twelve equities research analysts have rated the stock with a buy rating, Playtech PLC currently has a consensus rating of Buy and an average target price of GBX 1,150 ($15.25).
Playtech PLC (PTEC) opened at 924.50 on Monday. The firm’s market cap is GBX 2.91 billion. Playtech PLC has a 52-week low of GBX 757.50 and a 52-week high of GBX 1,020.00. The firm’s 50-day moving average price is GBX 945.72 and its 200 day moving average price is GBX 956.17.
The firm also recently announced a dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Thursday, September 21st will be paid a dividend of €0.12 ($0.14) per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a yield of 1.12%.
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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