Numis Securities Ltd Reiterates “Buy” Rating for Playtech PLC (PTEC)

Playtech PLC (LON:PTEC)‘s stock had its “buy” rating restated by analysts at Numis Securities Ltd in a research note issued on Thursday. They currently have a GBX 1,040 ($13.72) target price on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 35.06% from the stock’s previous close.

A number of other research firms also recently commented on PTEC. Investec reaffirmed a “buy” rating and set a GBX 1,120 ($14.78) price objective on shares of Playtech PLC in a report on Wednesday, August 2nd. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,020 ($13.46) price objective on shares of Playtech PLC in a report on Wednesday, August 23rd. Deutsche Bank AG reduced their price objective on shares of Playtech PLC from GBX 1,175 ($15.51) to GBX 1,060 ($13.99) and set a “buy” rating for the company in a report on Friday. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,200 ($15.84) price objective on shares of Playtech PLC in a report on Thursday, September 28th. Finally, Berenberg Bank cut their price target on shares of Playtech PLC from GBX 1,250 ($16.50) to GBX 1,180 ($15.57) and set a “buy” rating for the company in a report on Wednesday, August 30th. Twelve investment analysts have rated the stock with a buy rating, Playtech PLC has a consensus rating of “Buy” and an average target price of GBX 1,075.45 ($14.19).

Playtech PLC (LON PTEC) opened at GBX 770 ($10.16) on Thursday.

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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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