Playtech (PTEC) PT Lowered to GBX 470

Playtech (LON:PTEC) had its target price reduced by research analysts at Barclays from GBX 575 ($7.51) to GBX 470 ($6.14) in a research note issued on Wednesday. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 12.41% from the stock’s previous close.

PTEC has been the topic of a number of other reports. Canaccord Genuity decreased their price target on Playtech from GBX 700 ($9.15) to GBX 630 ($8.23) and set a “buy” rating on the stock in a research note on Monday, November 12th. Numis Securities restated a “buy” rating and issued a GBX 706 ($9.23) price target on shares of Playtech in a research note on Monday, November 12th. Credit Suisse Group downgraded Playtech to a “neutral” rating and decreased their price target for the company from GBX 980 ($12.81) to GBX 550 ($7.19) in a research note on Tuesday, October 23rd. Finally, Shore Capital restated a “buy” rating on shares of Playtech in a research note on Monday, November 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 709.56 ($9.27).

Playtech stock opened at GBX 418.10 ($5.46) on Wednesday. Playtech has a 1-year low of GBX 670 ($8.75) and a 1-year high of GBX 1,020 ($13.33).

In other news, insider Ian R. Penrose bought 12,500 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were bought at an average cost of GBX 468 ($6.12) per share, for a total transaction of £58,500 ($76,440.61).

About Playtech

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 clients with technology for liquidity and clearing.

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Analyst Recommendations for Playtech (LON:PTEC)

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