Playtech PLC (LON:PTEC) Receives GBX 571.60 Average PT from Analysts

Shares of Playtech PLC (LON:PTEC) have been assigned an average rating of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 587.40 ($7.68).

Several equities research analysts have issued reports on PTEC shares. UBS Group dropped their price target on Ameriprise Financial from $178.00 to $175.00 and set a “buy” rating for the company in a research note on Friday. Deutsche Bank lifted their price target on Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price target on Diageo and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Jefferies Financial Group dropped their price target on Chemours from $48.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, June 10th.

In related news, insider John Jackson bought 5,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was bought at an average price of GBX 409 ($5.34) per share, with a total value of £20,450 ($26,721.55).

Shares of LON PTEC traded up GBX 3.30 ($0.04) during mid-day trading on Friday, hitting GBX 450.10 ($5.88). The company had a trading volume of 691,170 shares, compared to its average volume of 1,800,000. The firm has a market capitalization of $1.39 billion and a P/E ratio of 4.78. Playtech has a 1 year low of GBX 357.10 ($4.67) and a 1 year high of GBX 580.80 ($7.59). The company has a debt-to-equity ratio of 60.09, a current ratio of 0.98 and a quick ratio of 0.92. The business’s 50-day simple moving average is GBX 418.80.

Playtech Company Profile

Playtech Plc develops and sells software products for the online and land-based gambling industries worldwide. The company operates through Gaming B2B, Gaming B2C, and Financial segments. It operates an online trading platform to retail customers, which enable them to trade contracts for differences on various instruments, such as foreign exchange, commodities, equities, and indices; and provides B2B clearing and execution services for retail brokers and professional clients.

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Analyst Recommendations for Playtech (LON:PTEC)

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