Playtech (LON:PTEC) had its price target raised by investment analysts at Morgan Stanley from GBX 1,020 ($14.60) to GBX 1,100 ($15.75) in a note issued to investors on Monday. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 35.87% from the stock’s current price.
Several other research analysts have also recently weighed in on the stock. Credit Suisse Group restated an “outperform” rating and issued a GBX 980 ($14.03) price objective on shares of Playtech in a research report on Thursday, January 11th. Berenberg Bank cut shares of Playtech to a “hold” rating and decreased their price objective for the stock from GBX 1,000 ($14.32) to GBX 950 ($13.60) in a research report on Thursday, January 11th. Citigroup restated a “buy” rating and issued a GBX 1,000 ($14.32) price objective on shares of Playtech in a research report on Monday, February 26th. Shore Capital restated a “buy” rating on shares of Playtech in a research report on Thursday, February 15th. Finally, Barclays initiated coverage on shares of Playtech in a research report on Wednesday, February 7th. They issued an “equal weight” rating and a GBX 806 ($11.54) price objective on the stock. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Playtech has an average rating of “Buy” and a consensus price target of GBX 1,006.62 ($14.41).
Shares of PTEC stock traded down GBX 24 ($0.34) during trading on Monday, hitting GBX 809.60 ($11.59). The company had a trading volume of 1,886,396 shares, compared to its average volume of 1,800,000. Playtech has a 52 week low of GBX 670 ($9.59) and a 52 week high of GBX 1,020 ($14.60).
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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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