Playtech PLC (PTEC) Receives “Buy” Rating from Canaccord Genuity

Playtech PLC (LON:PTEC)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a report released on Wednesday, May 17th. They currently have a GBX 1,140 ($14.42) price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 14.57% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Shore Capital reissued a “buy” rating and issued a GBX 890 ($11.26) target price on shares of Playtech PLC in a report on Thursday, February 23rd. Liberum Capital reissued a “buy” rating and issued a GBX 1,020 ($12.90) target price on shares of Playtech PLC in a report on Thursday, February 23rd. Investec dropped their target price on Playtech PLC from GBX 1,140 ($14.42) to GBX 1,120 ($14.17) and set a “buy” rating on the stock in a report on Tuesday, January 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,250 ($15.81) target price on shares of Playtech PLC in a report on Thursday, February 9th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 1,100 ($13.92) target price on shares of Playtech PLC in a report on Thursday, February 23rd. Ten research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of GBX 1,125 ($14.23).

Analyst Recommendations for Playtech PLC (LON:PTEC)

Playtech PLC (PTEC) traded up 1.02% during midday trading on Wednesday, hitting GBX 995.00. The company had a trading volume of 2,450,167 shares. Playtech PLC has a 52 week low of GBX 745.00 and a 52 week high of GBX 1,010.00. The company’s market capitalization is GBX 3.13 billion. The stock has a 50 day moving average price of GBX 977.00 and a 200 day moving average price of GBX 896.56.

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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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