Playtech PLC (PTEC) Receives GBX 1,176 Consensus Price Target from Brokerages

Playtech PLC (LON:PTEC) has earned an average rating of “Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Twelve analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,094 ($14.44).

PTEC has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on shares of Playtech PLC from GBX 1,350 ($17.81) to GBX 1,380 ($18.21) and gave the company an “overweight” rating in a research note on Monday, July 17th. Investec reissued a “buy” rating and issued a GBX 1,120 ($14.78) price target on shares of Playtech PLC in a research report on Wednesday, August 2nd. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,140 ($15.04) price target on shares of Playtech PLC in a research report on Thursday, August 3rd. Credit Suisse Group assumed coverage on shares of Playtech PLC in a research report on Monday, August 14th. They issued an “outperform” rating and a GBX 1,200 ($15.84) price target for the company. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 1,020 ($13.46) price target on shares of Playtech PLC in a research report on Wednesday, August 23rd.

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Playtech PLC (PTEC) traded down GBX 216.50 ($2.86) during trading hours on Wednesday, hitting GBX 770 ($10.16). 6,523,658 shares of the stock traded hands.

The company also recently disclosed 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. This represents a yield of 1.12%. The ex-dividend date of this dividend was Thursday, September 21st.

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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