Playtech (PTEC) PT Lowered to GBX 930
Playtech (LON:PTEC) had its price target reduced by Credit Suisse Group from GBX 980 ($13.54) to GBX 930 ($12.85) in a research report sent to investors on Tuesday. They currently have an outperform rating on the stock.
A number of other equities analysts have also weighed in on the stock. Liberum Capital reissued a buy rating and issued a GBX 1,020 ($14.09) price objective on shares of Playtech in a research report on Friday, November 3rd. Morgan Stanley reissued an overweight rating and issued a GBX 1,050 ($14.51) price objective on shares of Playtech in a research report on Monday, January 8th. Berenberg Bank lowered shares of Playtech to a hold rating and cut their price objective for the company from GBX 1,000 ($13.82) to GBX 950 ($13.13) in a research report on Thursday, January 11th. Canaccord Genuity cut their price objective on shares of Playtech from GBX 1,140 ($15.75) to GBX 1,090 ($15.06) and set a buy rating for the company in a research report on Thursday, November 2nd. Finally, Barclays started coverage on shares of Playtech in a research report on Wednesday, February 7th. They issued an equal weight rating and a GBX 806 ($11.14) price objective for the company. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of GBX 1,000.46 ($13.82).
Playtech (LON:PTEC) opened at GBX 787.40 ($10.88) on Tuesday. The firm has a market cap of $2,490.00 and a P/E ratio of 1,193.03. Playtech has a 52-week low of GBX 670 ($9.26) and a 52-week high of GBX 1,020 ($14.09).
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Playtech 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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