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).
WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.com-unik.info/2017/12/05/playtech-ptec-pt-lowered-to-gbx-980-at-credit-suisse-group.html.
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.
What are top analysts saying about Playtech plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Playtech plc and related companies.