Playtech (PTEC) PT Lowered to GBX 980 at Credit Suisse Group

Playtech (LON:PTEC) had its price objective dropped by Credit Suisse Group from GBX 1,200 ($16.15) to GBX 980 ($13.19) in a research report issued to clients and investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 15.84% from the stock’s previous close.

PTEC has been the subject of a number of other research reports. Deutsche Bank reduced their price target on Playtech from GBX 1,175 ($15.81) to GBX 1,060 ($14.27) and set a “buy” rating for the company in a report on Friday, November 3rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,020 ($13.73) price target on shares of Playtech in a report on Friday, November 3rd. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,040 ($14.00) price target on shares of Playtech in a report on Thursday, November 2nd. Berenberg Bank reduced their price target on Playtech from GBX 1,180 ($15.88) to GBX 1,000 ($13.46) and set a “buy” rating for the company in a report on Monday, November 13th. Finally, Morgan Stanley reduced their price target on Playtech from GBX 1,400 ($18.84) to GBX 1,050 ($14.13) and set an “overweight” rating for the company in a report on Friday, November 3rd. Fourteen analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of GBX 1,037.14 ($13.96).

Playtech (PTEC) opened at GBX 846 ($11.39) on Tuesday. Playtech has a fifty-two week low of GBX 712.08 ($9.58) and a fifty-two week high of GBX 1,020 ($13.73).

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About Playtech

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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