Playtech PLC (PTEC) PT Lowered to GBX 1,090

Playtech PLC (LON:PTEC) had its target price reduced by Canaccord Genuity from GBX 1,140 ($15.04) to GBX 1,090 ($14.38) in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 41.56% from the stock’s current price.

A number of other research analysts have also recently issued reports on PTEC. Morgan Stanley lifted their price target on Playtech PLC from GBX 1,350 ($17.81) to GBX 1,380 ($18.21) and gave the company an “overweight” rating in a report on Monday, July 17th. Investec reaffirmed a “buy” rating and issued a GBX 1,120 ($14.78) price target on shares of Playtech PLC in a report on Wednesday, August 2nd. Credit Suisse Group started coverage on Playtech PLC in a report on Monday, August 14th. They issued an “outperform” rating and a GBX 1,200 ($15.84) price target for the company. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,020 ($13.46) price target on shares of Playtech PLC in a report on Wednesday, August 23rd. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 1,275 ($16.83) price target (up from GBX 1,100 ($14.52)) on shares of Playtech PLC in a report on Thursday, August 24th. Twelve research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of GBX 1,075.45 ($14.19).

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

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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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